$Alibaba(0_老虎社区_美港股上老虎

2022-03-15

15/3/2022 Baba daily chart
Baba closed with an Inverted Hammer, a potential bullish candle pattern
three conditions met:
1. shadow is more than twice of candle body
2. occurs with a gap down from previous day
3. volume is the highest over past 6 months

share price could have a short term rebound back along $86
void if share price continues to dip below today's Low

Inverted Hammer candle pattern article reference:
https://www.elearnmarkets.com/blog/trade-with-inverted-hammer-candlestick/#

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