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 
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 

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