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T20211126001
2021-11-21

Yes

What do you guys think of BABA?

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 @ 164.2 Potential Take profit level @ 131.2 Potential Stop Loss level @ 182.4 $Alibaba 5xLongSG220608(DGFW.SI)$ $Alibaba 5xShortSG230627A(DWNW.SI)$

What do you guys think of BABA?

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