BABA: Near Sell Point (60% Downside)
Observed BABA testing double top formation with higher volume and this week could be possible pivotal point for downside. Possible retracement from 142-144 and RSI forming bearish Divergence soon. This does not affect US stock market momentum.
Trade active
Target 132
SL 144
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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.