BABA priced in the recent bad news, 1H aggressive long setup
Fundamental analysis:
The suspension of anti-trust law by Chinese government and the suspension of ANT's IPO hit the price a lot.
Alibaba was China's proud and it still will be in the future. Gov. did this to control the financial risk, and lower down the overall financial leverage.
Technical analysis:
Weekly defend zone
60m broke the downward trendline, but the trade is a bit aggressive.
Traders can wait for higher high for a more confirmed long setup.
If you are fearful of missing the opportunity, you can take the trade.
The suspension of anti-trust law by Chinese government and the suspension of ANT's IPO hit the price a lot.
Alibaba was China's proud and it still will be in the future. Gov. did this to control the financial risk, and lower down the overall financial leverage.
Technical analysis:
Weekly defend zone
60m broke the downward trendline, but the trade is a bit aggressive.
Traders can wait for higher high for a more confirmed long setup.
If you are fearful of missing the opportunity, you can take the trade.
Nota
Price went up as expected. If you're in the trade, do remember to place stop order to protect your principle. As gaps happens a lot in the stock market, stop order won't give you the protection as the future does.Nota
price continues to head for the previous gap zone. I expect sell pressure coming soon. So if you're in the trade, unload some position might be wise!Nota
Price is coming to our target 279Dagangan ditutup: sasaran tercapai
plan your trade and trade your plan
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.
plan your trade and trade your plan
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.