What do you guys think of BABA?
@Kaykaytrades:
Hey all ~ Are you guys trading $Alibaba(09988)$ ? I personally see a descending trendline resistance , signifying bearish momentum. I can expect price would potentially drop from the pivot level in line with 38.2% Fibonacci retracement to take profit level in line with 127.2% Fibonacci projection. My bearish bias is further supported by Ichimoku cloud acting as a strong resistance.Potential Pivot level @ 164.2Potential Take profit level @ 131.2Potential Stop Loss level @ 182.4$Alibaba 5xLongSG220608(DGFW.SI)$$Alibaba 5xShortSG230627A(DWNW.SI)$