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 
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