Tradewizard122

Tradewizard122

Hello again traders, and I hope you are as excited as I am for the market to open. I have calculated the support and resistance using fib confluence. Support $167 Resistance 172 BABA is a long term buy. Ride the swings.

Tradewizard122 Updated 

Hey traders, we are looking at the chart of BABA. Ive outlined a strong short term resistance at $148. As you can see, there is an Ascending triangle formation and we are right under resistance. BABA has to break this key resistance or it will go back to the $149 - $150 range. I think today we will close lower and stay in the range. I personally think BABA is a...

Tradewizard122 Updated 

Finally, we are witnessing some movement from BABA. There seems to be cooperation from China regarding a trade deal. I took a look at the charts and have marked three key resistance areas using fib confluence. R1 155.3 R2 160 R3 176 expect the prices to rise. The market didn't react much to Alibabas singles day sale due to the dark cloud of the trade war. I...