Hello Friends,
As shown in my chart, Alibaba is poised to be a great investment. Making higher lows and following the trend line in a down trend, what is needed now is to find a great entry and let this stock rip.
I believe breaking the 20 Day Moving Average, breaking the trend line and breaking the previous higher lows are all great signals to enter a buy position. But, ensuring the price stays above these levels are very important, so please be careful on your trades.
For my Long Term Investors, prices are at a great price so Buy & Hold.
Disclaimer: These are my personal opinions open for discussions. This is not financial advise.
Thank you.
As shown in my chart, Alibaba is poised to be a great investment. Making higher lows and following the trend line in a down trend, what is needed now is to find a great entry and let this stock rip.
I believe breaking the 20 Day Moving Average, breaking the trend line and breaking the previous higher lows are all great signals to enter a buy position. But, ensuring the price stays above these levels are very important, so please be careful on your trades.
For my Long Term Investors, prices are at a great price so Buy & Hold.
Disclaimer: These are my personal opinions open for discussions. This is not financial advise.
Thank you.
Nota
Please do not enter a trade on this information until the 3 confirmations I mentioned above tells us to do so. Patience is Key here guys and if you buy before the confirmations you will lose your hard earn money. I will update as I make a trade or see a good entry.
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.
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.