BABA - yet another hidden Gem we can extract value from?
Currently we are observing a re-entry into a ascending channel based on the RSI indicator and additionally we are entering a very big time of the year which we see all
of the retailers bring in a lot of revenue, for reference we can check out my last post in my channel in regards Amazon.As an additional benefit from a fundamental point of view BABA is looking to get hard into the AI business and it would be one of the biggest competitors in Asia to get hardly involved, they have the cash and assets to do so.
Entry on market open -
Target 1 : 89.70
Target 2 : 97.62
Target 3 : 104.58
After we visit all of the targets we will get back onto this opportunity so we can forsee if we can chase the earlier high of 120$ per share
Time frame of analysis 4H
Time frame of realization Until their next earnings call in January.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
of the retailers bring in a lot of revenue, for reference we can check out my last post in my channel in regards Amazon.As an additional benefit from a fundamental point of view BABA is looking to get hard into the AI business and it would be one of the biggest competitors in Asia to get hardly involved, they have the cash and assets to do so.
Entry on market open -
Target 1 : 89.70
Target 2 : 97.62
Target 3 : 104.58
After we visit all of the targets we will get back onto this opportunity so we can forsee if we can chase the earlier high of 120$ per share
Time frame of analysis 4H
Time frame of realization Until their next earnings call in January.
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Trade active
First target has been reached! Congratulations to everyone who participated, we are moving in a steady motion towards the 2nd target, when that is reached we will need to consolidate, hence we are reaching high levels of RSI at 4H and 1D time frame. Stay tuned!
P.S. I have entered with 350 shares in this oppportuntiy.
Trade closed: target reached
And final target reached, we are keeping a close eye on Ali Baba, to see if there is potential for the upside!
💡 It took a while but as I stated previously patience always pays out, we managed to catch 14.88$ of movement -
10 shares - 148.80$
100 shares - 1,488$
1,000 shares - 14,880
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Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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