Hi All,
Hope all your trades are going well.
Posting this chart because I see buying oppotunity for NYSE:BABA
Entry NYSE:BABA: Exponential Moving Average (200) 122.09
The current RSI is showing close to being oversold, and starting to create a falling wedge
Shortterm I expect the price to pullback, in a bearish breakdown
There is a possibility that BABA has...
Baba is like the Goog, it isn't going away and neither is China. Baba is less about international trade than it is a domestic play. Look for policy or fiscal support as the CCCP look to soften the Trump tariffs. Stock is trading at the bottom of the channel with a potential positive MACD divergence and should consolidate around current levels before testing the...
China’s economy is growing at a 6-7% annual rate and is on track to pass the United States as the largest economy in the world within the next decade or two. China’s middle class is made up of 1.3 billion individuals and those individuals are beginning to shop online a lot! In this scenario it only makes sense to own stock in the most dominant Chinese e-commerce...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
