Devise2Day

ALIBABA @ 1D Chart @ Basic Scenario technically beaten

Devise2Day Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Trading Capabilities
98.03 < 99.61 : long entry option
92.78 > 90.09 : short entry possible

  • Bulls could go long into 109.66 at least, to beat a wave and create new b high (may be 2017 with new all time highs)
  • Bears could go short into 87.70 at least, to beat B wave and create new Basic Scenario

Take care
& analyzed it again
- it`s always your choice ...

Best regards
4XSetUps
Comment:
heavy heavy stuff - from the technical point of view
We`ll se if the B holds - it would manifest a good SetUp (double botton)

How ever, yesterday closed by 90.99 BABA is not oversizing me - i am NEUTRAL under 96 > 92

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