Alibaba has broken out strongly on the weekly chart, with the next resistance levels at $140 and $160.
However, we are watching for a potential retracement in the coming week for a better entry point. Alternatively, waiting until after the earnings report may be a safer approach.
However, we are watching for a potential retracement in the coming week for a better entry point. Alternatively, waiting until after the earnings report may be a safer approach.
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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.