BABA Long
Observed the following
1) price rejection twice @ 280, Once on ANT IPO halt while yesterday on results narrowly miss on revenue.
2) confluence support from uptrend and horizontal support line.
3) uptrend intact
Fundamentally on track since most analyst raise target price.
Consider accumulation between 280 - 285
Immediate Resistance 300
1) price rejection twice @ 280, Once on ANT IPO halt while yesterday on results narrowly miss on revenue.
2) confluence support from uptrend and horizontal support line.
3) uptrend intact
Fundamentally on track since most analyst raise target price.
Consider accumulation between 280 - 285
Immediate Resistance 300
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