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

Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

Markets searching for technical support

Wyckoff's Law of Effort