Alibaba at support! Good R:R long opportunity

Long

Alibaba Group Holdings Ltd. (NYSE:BABA)

Updated

NYSE:BABA Alibaba Group Holdings Ltd.

Support and Resistance Supply and Demand Fibonacci alibaba

supportandresistance supplyanddemand fibonacci alibaba

Alibaba respecting the long term fib levels well. Great Reward:Risk (~3:1) at this level, with stops safely below the Volume Profile POC at ~195 (aggressive), targeting ~320

BABA

Comment:

Alibaba going good so far. 227 to 241. Still active

Comment:

221 to 265

Still strong

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