I see the inverted right shoulder, perhaps for $BABA
Alibaba, the online commerce that was famous, gained popularity, had Jack Ma giving prep speech in USA, hyped up all the way to the top of 300.
After 3 years, price is back to where it started, try asking 10 friends, you get 9 of them "spitting" on this stock, they condemned it into black list
When the majority is not looking at it, it is time to accumulate, perhaps
If the Inverted Right Shoulder plays out in next 6-12 months, the next immediate target will be around 120 - 128, the neckline
*Not a buy or sell call
After 3 years, price is back to where it started, try asking 10 friends, you get 9 of them "spitting" on this stock, they condemned it into black list
When the majority is not looking at it, it is time to accumulate, perhaps
If the Inverted Right Shoulder plays out in next 6-12 months, the next immediate target will be around 120 - 128, the neckline
*Not a buy or sell call
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.