BABA - Trading Idea (To buy or not to buy now?)
A strong breakout since 24/08/2020 due to strong quarterly result.
However, the Stochastic indicated that it is currently overbought. The Bollinger band also stretches too far at the moment. The volume of the trading is not slowing down as well.
May have to wait for the stock for short term pullback first before trading in to get a better value.
However, the Stochastic indicated that it is currently overbought. The Bollinger band also stretches too far at the moment. The volume of the trading is not slowing down as well.
May have to wait for the stock for short term pullback first before trading in to get a better value.