BABA: Alibaba Group Holding: Seeing signs of a bullish bias
Investing idea.
Improving proprietary bullish scoring over the last couple of days. Overall trend indication switched to moderate bullish.
A conflux of technical indicators supporting a bullish bias:
Crossing above its 8-week simple moving average.
Crossing above its 21-week simple moving average.
MACD bullish crossover.
Crossing above its MACD zero line.
Crossing above its 8-period linear trend line. Indication of internal strength developing within the share.
The increasing trajectory of OBV (on-balance volume) supports a bullish trend direction.
Time to exit: +/- 4 November 2019
Improving proprietary bullish scoring over the last couple of days. Overall trend indication switched to moderate bullish.
A conflux of technical indicators supporting a bullish bias:
Crossing above its 8-week simple moving average.
Crossing above its 21-week simple moving average.
MACD bullish crossover.
Crossing above its MACD zero line.
Crossing above its 8-period linear trend line. Indication of internal strength developing within the share.
The increasing trajectory of OBV (on-balance volume) supports a bullish trend direction.
Time to exit: +/- 4 November 2019
Trade closed: stop reached
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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.
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.