Southern Gaps need to be closed @ BABA

65
With printing lower highs on weekly chart - the trend is still bearish, and in this case Southern Gaps have good potential to be closed. With recent false breakout to the North on ultra-high volume looks like bull trap and need to slaughter weak buyers first. Also, Chinese stocks are overvalued compared to other markets and this will be a burden for Alibaba too.
Finally, I don't like that statement: "JACK MA: It's hard for the US to understand Alibaba"

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.