Bottoming Fishing: Alibaba Group
Analysis Forecast:
Expect Rebound towards US$210
Mid Term Bottom / Potential Accumulation Phase
Analysis is For:
US/HK Market
Bottom Fishing (Position Trading)
Single Stock Tactical Allocation
Supporting Technical Observations:
1. Hammer Pattern formed on Weekly Chart
2. Fund Flow Index (FFI) Positive Divergence
3. Relative Strength Bottoming
Stop Loss
If BABA breaks below US$180, expect further mark down
Expect Rebound towards US$210
Mid Term Bottom / Potential Accumulation Phase
Analysis is For:
US/HK Market
Bottom Fishing (Position Trading)
Single Stock Tactical Allocation
Supporting Technical Observations:
1. Hammer Pattern formed on Weekly Chart
2. Fund Flow Index (FFI) Positive Divergence
3. Relative Strength Bottoming
Stop Loss
If BABA breaks below US$180, expect further mark down
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.