With monthly - weekly - daily momentum all in oversold territory, BABA is currently sitting just above a crucial support on the weekly chart.
I will be expecting a bounce and spending some time in the highlighted area for a while..
I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are finding the bottom finally to neutralize the trend.
Peace..
I will be expecting a bounce and spending some time in the highlighted area for a while..
I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are finding the bottom finally to neutralize the trend.
Peace..
Kommentar:
going for a relief bounce here immediately. I wasnt expecting to get out of the area that fast :) oh well its all good that was a good bottom call
Kommentar:
it will enter the range trade for now, hit the resistance and now time to build a range
Kommentar:
consolidation after that on neck top pattern, and no sign of strength so far
Kommentar:
new resist $127 with target of $140 if it breaks