Kate_111

Analysis on Alibaba 4.06.2018

SIX:BABA   ALIBABA GRP
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 205.50
• Take Profit Level: 210.00 (450 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 196.80
• Take Profit Level: 196.00 (80 pips)



GOLD
Possible short position in the breakdown of the level 1289.00

USDJPY
Possible long position at the breakout of the level 109.80

USDCHF
Possible short position in the breakdown of the level 0.9850

GBPUSD
Possible long position at the breakout of the level 1.3380T
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.