Hello Trader we see with BABA the opposite of AMC for Monday. BABA at its opening was bullish then makes a correction closing very close to the minimum (86.31) the operation should be the following if the opening is above the closing price, do not chase the price. This is in the sell zone once it reaches the high zone and then confirmation to sell. the bullish condition will only occur when the stock is outside the range of the high and low above (91.00).
the bearish condition will only occur below (85.00) once the action is outside the range of the low and high
the bearish condition will only occur below (85.00) once the action is outside the range of the low and high
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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.