Daily chart, RSI resist breakout
- pretty subjective, sometimes requires 2 points (black triangles) to form the resist, sometimes one point is enough
- sometimes there is a pullback (red triangle), but sometimes it may not
Upside - $6.40 and above
Affected heavily by recent technological advancements, the sector may soon attract Chinese regulators' attention.
Background
2021 turned out to become a positive year for China's healthcare industry, where the gigantic demand stems from the aging population, growing individual wealth, and – more importantly – the COVID-19 crisis' aftermath. The market has grown...
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Some followers are worried about the future of Alibaba and its subsidiaries business with the recent investigation by the Chinese government. Unfortunately, I do not have any insider information to pass on so we have to make do with what we have.
1. Is this drop in share price due to the company's fundamentals ?
NO
2. Is this fall in...
16-17 is major support.
needless to say that Ali Baba has the platform to drive online drugs sales
Huge long term potential. can disrupt the entire value chain
Let's wait for the pullback to happen, find a nice bullish candle signal before initiating a long position.
Note that breakout does not means it must rides it way up. It could goes up a little before tumbling down to the support at 17.42. This support is crucial for the bullish continuation pattern.
