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


$Alibaba 5xLongSG220608(DGFW.SI)$

$Alibaba 5xShortSG230627A(DWNW.SI)$

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  • kyesayshi
    ·2021-11-21
    i think it's a great time to accumulate for 2022 for sure!
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  • winstonleong
    ·2021-11-21
    Be patient
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  • mark01bravz
    ·2021-11-20
    do you understand the vie structure ?
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  • Jaylen96
    ·2021-11-22
    Good
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  • benlowkk
    ·2021-11-21
    Baba supoorter
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  • kees
    ·2021-11-21
    Cool
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