Hi All,
Hope all your trades are going well.
Posting this chart because I see buying oppotunity for NYSE:BABA
Entry NYSE:BABA: Exponential Moving Average (200) 122.09
The current RSI is showing close to being oversold, and starting to create a falling wedge
Shortterm I expect the price to pullback, in a bearish breakdown
There is a possibility that BABA has bullish reversal
however, I will be patient for the trade to come to me instead of chasing it
Please let me know what you think because this could go the complete opposite of what the chart shows
Objectively still bullish on NYSE:BABA
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Hope all your trades are going well.
Posting this chart because I see buying oppotunity for NYSE:BABA
Entry NYSE:BABA: Exponential Moving Average (200) 122.09
The current RSI is showing close to being oversold, and starting to create a falling wedge
Shortterm I expect the price to pullback, in a bearish breakdown
There is a possibility that BABA has bullish reversal
however, I will be patient for the trade to come to me instead of chasing it
Please let me know what you think because this could go the complete opposite of what the chart shows
Objectively still bullish on NYSE:BABA
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
