The Investor 101 wrote a post · May 31, 2022 00:03

Thoughts on Alibaba?

Hey investors!! What do you guys think of this setup $BABA-SW(09988.HK)$

On the H4, with MACD moving in a bullish momentum, giving me a bullish bias that price will rise from the buy entry at 90.90 where the pullback support is to the take profit at 102.30 where the swing high resistance, 100% fibonacci projection and 50% fibonacci retracement

Alternatively, prices could break entry structure and drop to stop loss at 79.90 where the swing low support and 61.8% fibonacci projection are.

Entry: 90.90
Take profit: 102.30
Stop Loss: 79.90

$Alibaba 5xLongSG230329(DKCW.SG)$
$Alibaba 5xShortSG230330(DAJW.SG)$

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The Investor 101

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