BABA 3/21/22
Updated
BABA
Easy trade here.
Price is in existing downtrend.
Price was in a sideways range between 110 thru 130.
Price broke down from range and has pulled back to previous support and looking to turn it into resistance.
Price is also currently looking to reject 50ema and is at 0.50 Fib level.
Price is at area of value. This is my cue to enter trade short.
Will be entering trade short. Price heading to all time low.
Entry: 108.17
Stop Loss: 116.72
Target: 59.50
Easy trade here.
Price is in existing downtrend.
Price was in a sideways range between 110 thru 130.
Price broke down from range and has pulled back to previous support and looking to turn it into resistance.
Price is also currently looking to reject 50ema and is at 0.50 Fib level.
Price is at area of value. This is my cue to enter trade short.
Will be entering trade short. Price heading to all time low.
Entry: 108.17
Stop Loss: 116.72
Target: 59.50
Trade active
Trade remains activeTrade closed: target reached
Target: 59.50
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