BABA wait for it
After gapping down on July 11 we see a steady down trend. Price recently closed under the (weekly) trend line and the .23 Fibonacci level.
On balance volume confirms the down trend, as does the Force Index. I am looking for a bounce off the 0 fib level or $94 which has acted as support on the monthly time frame.
I will consider adding to a long term position in the highlighted range.
On balance volume confirms the down trend, as does the Force Index. I am looking for a bounce off the 0 fib level or $94 which has acted as support on the monthly time frame.
I will consider adding to a long term position in the highlighted range.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.