Baba is approaching the key level of the 200 SMA, a zone where price has respected and bounced sharply off in the past! What's crucial to note is this is occurring off of a falling wedge pattern, and RSI in the 30s showing oversold conditions.
- Calling 108 as an interim bottom here
- Looking for 117.7ish as the next leg towards where price is headed
P.S: This name is very undervalued financially with many analysts placing a fair value of around 145 or so, BABA is buying back shares, and inking new customer centric deals/partnerships
I like the risk to reward of going long here!
- Calling 108 as an interim bottom here
- Looking for 117.7ish as the next leg towards where price is headed
P.S: This name is very undervalued financially with many analysts placing a fair value of around 145 or so, BABA is buying back shares, and inking new customer centric deals/partnerships
I like the risk to reward of going long here!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.