BABA

Note

s3.amazonaws.com/tradingview/snapshots/7/7rW4z0Zx.png
On 4h chart, it starts showing a divergence. Hope to see it moving down soon

Note

s3.amazonaws.com/tradingview/snapshots/i/IUX0PvSO.png
Since the last earnings, BABA has been in the bullish channel. there is RSI divergence. Stoch appears being overbought and divergence. technically, BABA is due a reset/a pullback before the beginning of October. On 4h, the first support should be around 105.4x ~ 106.1x, the second one 103.6x, the third one 102.1x. the first resistance should be around 110.9x ~ 111.1x, the second one 114.xx ~ 115.xx, the third one 120.
s3.amazonaws.com/tradingview/snapshots/y/yhsTB2Gg.png
gotta wait to see a confirmation at each support and resistance before taking any action.
traders/investors, good luck!

Note

could see a potential buy soon. also need to see a confirmation before acting.

s3.amazonaws.com/tradingview/snapshots/l/L5S6iAVN.png

Note

If this channel holds, BABA could go up to 108ish again.
s3.amazonaws.com/tradingview/snapshots/a/a2h6PenY.png

Note

The weekly

s3.amazonaws.com/tradingview/snapshots/d/Ds8piDCe.png

summer6

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.

summer6