BABA need a hammer or reversal here
Tested 150s on Friday after BABA gapped up and push for a few gains before 2nd or 3rd candle turned red.
Weekly 5yr shows 140 and then master support 130
My price prediction for Monday Aug 23rd...
Gap down -2%, fight for a few gains and the bear comes in for new lows/long wick on daily candle. Later bulls fight back in the afternoon forming a
1) doji
2) hammer, red or green
3) spin top , red or green
I'm short for a few days and then long for 170C weeklys. Daily RSI at 19, oversold lvl. Be mindful
Weekly 5yr shows 140 and then master support 130
My price prediction for Monday Aug 23rd...
Gap down -2%, fight for a few gains and the bear comes in for new lows/long wick on daily candle. Later bulls fight back in the afternoon forming a
1) doji
2) hammer, red or green
3) spin top , red or green
I'm short for a few days and then long for 170C weeklys. Daily RSI at 19, oversold lvl. Be mindful
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