BABA BUY/LONG NOW READY! 200.00 to 350.00 by Early-Mid 2022!
TICKER CODE: BABA
Company Name: Alibaba Group Holding Limited
Industry: Consumer Cyclical | Internet Retail | China
Position Proposed: BUY
Technical Analysis
1. Falling Wedge Pattern (Potentially Completed)
2. Ranging in Channel
3. Area of Confluence with Trendline and Horizontal Support (Key Level)
4. Fibonacci Retracement at 0.786 is at key market structure
5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
and also Channel Range (Trendline Resistance)
Buy Entry: NOW READY (200.00-220.00)
1st Partial Take Profit: 350.00 (Early-Mid 2022)
2nd Partial Take Profit: 439.50 (End 2022)
Stop Loss: 170.00
Company Name: Alibaba Group Holding Limited
Industry: Consumer Cyclical | Internet Retail | China
Position Proposed: BUY
Technical Analysis
1. Falling Wedge Pattern (Potentially Completed)
2. Ranging in Channel
3. Area of Confluence with Trendline and Horizontal Support (Key Level)
4. Fibonacci Retracement at 0.786 is at key market structure
5. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
and also Channel Range (Trendline Resistance)
Buy Entry: NOW READY (200.00-220.00)
1st Partial Take Profit: 350.00 (Early-Mid 2022)
2nd Partial Take Profit: 439.50 (End 2022)
Stop Loss: 170.00
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