As the price approaches historic resistance levels I expect a small bounce for Alibaba BABA stock.
This is supported by the RSI indicator.
Like this idea if you agree.
The exchange rate ended the second wave of a triple downward wave structure. We are now waiting for a short correction. The peak of the correction wave may be around 180 usd. Then the third and last decreasing wave is expected to be created. Its target price is 153 usd level environments. Next we assume a very stable and long-term rising section. Its target price...
The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 208.00
• Take Profit Level: 210.00 (200 pips)
If the price...
