Alibaba has been a difficult one for me at least.
With all the HYPE about the splitting up to create value actually caused the stock to drop off dramatically and for me was unexpected.
Looking forward, i.ve started to see some support, and I'm looking for a potential upside of +-20% to the 0.8 +- FIB levels.
Time will tell.
Your comments are welcome.
Kind Regards.
Graham.
With all the HYPE about the splitting up to create value actually caused the stock to drop off dramatically and for me was unexpected.
Looking forward, i.ve started to see some support, and I'm looking for a potential upside of +-20% to the 0.8 +- FIB levels.
Time will tell.
Your comments are welcome.
Kind Regards.
Graham.
Trade active
Buy Position entered.Targeting $100 - $105 for now.
Note
Looking to re-test with the new news about the CEO etc? I am staying in for now.
Note
Prediction is getting close now.
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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.