1) Stochastic overbought at the moment, bulls are taking partial profit after hitting resistance level of 85.
2) Likely to retest resistance ahead of earnings call in 2 weeks.
3) A break above resistance of 85 will provide stronger bullish signal and overall sentiment for BABA
2) Likely to retest resistance ahead of earnings call in 2 weeks.
3) A break above resistance of 85 will provide stronger bullish signal and overall sentiment for BABA
Trade active
Trade closed manually
took contentment profit in 97+ zone.
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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.