BABA has a bullish gartley pattern here while its peer JD.com is having some troubles recently.
As it's actually not really a systematic risk on the sector but some personal affairs, it may create some buy-low opportunity for BABA.
Based on the pre-market movement, BABA currently is at the 167.00 fig spot.
Of course I have no intention to catch the falling knife, so I'll be waiting for intraday reversal sign off the open.
Even if this bullish pattern failed, 160-163 gap of BABA is still very attractive to take some long,
which will be another spot that I am interesting in potential reversal signs.
Let's see how it goes!
As it's actually not really a systematic risk on the sector but some personal affairs, it may create some buy-low opportunity for BABA.
Based on the pre-market movement, BABA currently is at the 167.00 fig spot.
Of course I have no intention to catch the falling knife, so I'll be waiting for intraday reversal sign off the open.
Even if this bullish pattern failed, 160-163 gap of BABA is still very attractive to take some long,
which will be another spot that I am interesting in potential reversal signs.
Let's see how it goes!
הערה
it didn't give any reversal sign and broke down the pattern,
the pattern trade cancelled;
While it hit the 160-163 gap and bounced a little bit, that makes me still interesting in looking for long trades today.
הערה
inside day here, see you next week yo!
הפקודה בוטלה
broke to the downside! this trade cancelled!
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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.