Baba The Pain
I mean what can I say about this stock, Long term holders are just in pain every single day
Well today is the earning and unfortunately I do not see any recovery BUT IT'S MY OPINION
We are at resistance which can be broken anytime with a little push, So once if it closes below 81, it is confirmed that it's going towards the blue weekly 61.8% retracement towards 70.
Last time it touched the long term trendline around 78 and bounced, this time I believe trendline is not a support anymore. Support is at around 65-70.
If you have any questions on the chart, pls feel free to ask me.
Well today is the earning and unfortunately I do not see any recovery BUT IT'S MY OPINION
We are at resistance which can be broken anytime with a little push, So once if it closes below 81, it is confirmed that it's going towards the blue weekly 61.8% retracement towards 70.
Last time it touched the long term trendline around 78 and bounced, this time I believe trendline is not a support anymore. Support is at around 65-70.
If you have any questions on the chart, pls feel free to ask me.
Note
Ok So new low this week but did not break 03/15 low. I am not ready to be bullish on this, waiting is better on BABA. Otherwise pain will continue if trapped above.
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
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.
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
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.