55 % chance - ALIBABA share price analysis
Hello all,
Today I am taking a look at the Alibaba chart,
- The price is in a positive overriding trend.
- Alibaba shows a tendency to break through the golden pocket once in a correction, but then to continue to run positively in the trend.
- This breakthrough has already been made in the current correction.
- The second reaction at the golden pocket looks encouraging
- In the long term, the current trend channel could consolidate further
The plan
- I would like to take a long position at the cross-support of the golden pocket and the lower trend lines.
- If the price does not touch the golden pocket again in combination with a trend line, I will not find an entry point and remain a spectator.
- As a long-term price target I use the trend-based Fib extension
- One for the watchlist, no trade is acute yet
Buy zone: 227 - 222 points, only in combination with a trend line
Target zone: 360 points
With this in mind,
Good luck & Keep it simple!
Max
Today I am taking a look at the Alibaba chart,
- The price is in a positive overriding trend.
- Alibaba shows a tendency to break through the golden pocket once in a correction, but then to continue to run positively in the trend.
- This breakthrough has already been made in the current correction.
- The second reaction at the golden pocket looks encouraging
- In the long term, the current trend channel could consolidate further
The plan
- I would like to take a long position at the cross-support of the golden pocket and the lower trend lines.
- If the price does not touch the golden pocket again in combination with a trend line, I will not find an entry point and remain a spectator.
- As a long-term price target I use the trend-based Fib extension
- One for the watchlist, no trade is acute yet
Buy zone: 227 - 222 points, only in combination with a trend line
Target zone: 360 points
With this in mind,
Good luck & Keep it simple!
Max
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.