Based on technical analysis, the idea is to go long, but be aware that a retracement price could have started. Short term Hold Long term- go long
Buy now and move your stop loss into profitable zone
The Market is really low but $BABA can be a big deal if only you are patient. When the market is disconnected to reality be fake as well and take profit.
Alibaba Stock trade opportunity 194,00 reasonable price to have . TARGET is 240. This is my opinion .Dont take that as financial advice.
Earnings are this Friday, and this e-commerce giant is bound to report some really solid numbers due to COVID. The stock recently moved above its 50-day moving average and has been trading in a rising channel. Fuel from earnings could provide the catalyst for the next big move up. Any weakness should be considered a buying opportunity - BABA has a bright future ahead.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key points. Doing head and shoulders for recent correlation waves, I think a reasonable short target given the current $194.19 price for Alibaba -2.94% down, (mostly bearish quarter), it is still quite...
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
WAITING FOR CORONAVIRUS PANIC UNTIL IT DROP TO 207$ - IF IT BREAK STRUCTURE I GO IN BULLISH AFTER A RETEST