Upcoming Weeks
Trading Strategy: Buy the dips
Price Levels: As the Fibonacci retracement depict, Alibaba has been hovering around 305-314, with a close below 310.
Key levels: 280 & 255 (If reached) With elections coming up, China may face some heat, which could drive Investor sentiment down. As mentioned before, BABA has remained resilient.
A Biden win would be a perfect scenario vs Trump.
Reminder: 310 (key level) & Earnings moved to November 06 (Smart move maybe)
Trading Strategy: Buy the dips
Price Levels: As the Fibonacci retracement depict, Alibaba has been hovering around 305-314, with a close below 310.
Key levels: 280 & 255 (If reached) With elections coming up, China may face some heat, which could drive Investor sentiment down. As mentioned before, BABA has remained resilient.
A Biden win would be a perfect scenario vs Trump.
Reminder: 310 (key level) & Earnings moved to November 06 (Smart move maybe)