It has reached 0.5 Fib retracement level and is about to go up. Today (June 4) it hits 0.236 Fib extension which is 218.84. If everything goes well, profit target is 227.30 which is the 1 Fib extension level.
In 30 min chart the RSI is above 50. MACD and signal lines are above 0. We still have room to move up. With Munger and Al Gore taking position on BABA, it should be a relatively safe guess.
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In 30 min chart the RSI is above 50. MACD and signal lines are above 0. We still have room to move up. With Munger and Al Gore taking position on BABA, it should be a relatively safe guess.
If you liked this trading idea, remember to click on the Follow button, and if you agree with me, click on the Agree button. Thanks!
Be Blessed!