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Alibaba testing heavy resistance
Alibaba Group Holdings Ltd.
Short
Alibaba testing heavy resistance
By dorfmanmaster
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Sep 12, 2019
3
Cheer
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Sep 12, 2019
As shown in the chart, we are testing a heavy resistance tested multiple times.
Technical indicators are showing mostly consolidation.
If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)
Obviously breaking this resistance would be an important step towards a strong uptrend.
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