Accumulation Breakout for Alibaba Group
Analysis Forecast:
Price Trend Turned Bullish
Analysis is for:
US Market
Short-Term Trading
Tactical Single Stock Allocation
Supporting Technical Observations:
1. Breakout of Downtrend (Supply) Line
2. Breakout of consolidation Base
3. Fund Flow Index (FFI), turned positive
1st Technical Target
US$250.00
Why this Level?
1. Key Supported turned Resistance Level
2. 261.8% Fibo Level
3. Whole Number
Incorrect Analysis if Level Breached:
US$204
Price Trend Turned Bullish
Analysis is for:
US Market
Short-Term Trading
Tactical Single Stock Allocation
Supporting Technical Observations:
1. Breakout of Downtrend (Supply) Line
2. Breakout of consolidation Base
3. Fund Flow Index (FFI), turned positive
1st Technical Target
US$250.00
Why this Level?
1. Key Supported turned Resistance Level
2. 261.8% Fibo Level
3. Whole Number
Incorrect Analysis if Level Breached:
US$204
Trade closed: stop reached
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.
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.