Thoughts on BABA?
Hey investors!! I have another setup for you guys to look at $BABA-SW(09988.HK$
On the H4, MACD is moving in a bullish momentum which gives me a bullish bias that prices will rise from my buy entry at 92.30 where my 38.2% fibonacci retracement and pullback support are to my take profit at 102.05 in line with my swing high resistance and 61.8% fibonacci retracement.
Alternatively, prices could break entry structure and head for stop loss at 79.95 where my swing low support and 61.8% fibonacci projection are.
Entry: 92.30![]()
Take profit: 102.05![]()
Stop loss: 79.95![]()
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
On the H4, MACD is moving in a bullish momentum which gives me a bullish bias that prices will rise from my buy entry at 92.30 where my 38.2% fibonacci retracement and pullback support are to my take profit at 102.05 in line with my swing high resistance and 61.8% fibonacci retracement.
Alternatively, prices could break entry structure and head for stop loss at 79.95 where my swing low support and 61.8% fibonacci projection are.
Entry: 92.30
Take profit: 102.05
Stop loss: 79.95
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
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102987738 : good one
102987738 : spot on