Hey everyone, here's the analysis on BABA, if you find this idea insightful, leave us a like and comment on stock ideas you look forward to next!
Summary:
Strong drop from our resistance zone and trend line, current price could push lower to our S1 zone.
Action:
Sell Limit: 203.00
Stop Loss: 220.00
Take Profit: 188.00
Analysis:
Strong resistance zone at R1, along with our trend line where there was a strong reversal in price. Current price could push lower to our S1 zone if it holds well below our trend line and R1 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
Summary:
Strong drop from our resistance zone and trend line, current price could push lower to our S1 zone.
Action:
Sell Limit: 203.00
Stop Loss: 220.00
Take Profit: 188.00
Analysis:
Strong resistance zone at R1, along with our trend line where there was a strong reversal in price. Current price could push lower to our S1 zone if it holds well below our trend line and R1 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.