Long

#WISH Still moving inside the falling wedge. I am LONG!

Hi All, my main 3 take-outs from this analysis are the following:

1- RSI and MACD showing bullish divergence in the daily chart

2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January

3- Shrt term target is 9.40$ to close the daily gap, while my medium long term target is 15$

Not a financial advice, just personal opinion. Do your own due diligence and good luck!
alibabaBABAChart PatternscontextlogicDivergenceecommerceFalling WedgeTechnical IndicatorsRelative Strength Index (RSI)Trend AnalysisWISH

Related publications

Disclaimer