Thoughts on Alibaba?
On the H4, with prices moving above the ichimoku indicator, there is a bullish bias that price will rise from buy entry at 97.2 where the 50% fibonacci retracement and overlap support are to the take profit at 109.8 in line with swing high resistance. Alternatively, price could break entry structure and bearish momentum will carry price to stop loss at 100% fibonacci projection and swing low support.
Entry: 97.2![]()
Take profit: 109.8![]()
Stop loss: 91.0![]()
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
Entry: 97.2
Take profit: 109.8
Stop loss: 91.0
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
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Ella-Maxtein : Looking at today's trend, it feels like BABA is buying back.
bwjx : thanks for sharing. just learnt that there are leverage for Baba too.
whqqq : thank you for your new point