BABA oversold
A very big opportunity in the charts. RSI at 25 in the daily, and MACD touching the broadening wedge in the weekly.
Bright future in the stock's price for the next year despite the exponential growth curve has been broken.
Buy order at (50%) 1.414 ($199.37) and other one (50%) at 1.618 ($188.57).
Bright future in the stock's price for the next year despite the exponential growth curve has been broken.
Buy order at (50%) 1.414 ($199.37) and other one (50%) at 1.618 ($188.57).
Note
Another good entry point could be the 1.272 extension of the wave 4 ($193.9)Support this idea if is useful for you.
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Related publications
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.