Bottoming Fishing: Alibaba Group (BABA:US)

 


Alibaba Group (BABA:US)


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

To follow up on post 
TradingView


Blog Disclaimers Apply

Popular posts from this blog

Bullish Case for Bitcoin

Keppel DC REIT, Are We There Yet?

Wyckoff's Law of Effort