Getting squeezed in the falling wedge; upward moving coming? ロング

Alibaba Group Holding LimitedNYSE

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⋅ 2018年9月24日午後6時14分

To play this, i would wait for the price to break through the top pink line; in that case it could mean that its ready to start going up again to test 210ish.

⋅ 2018年10月2日午後7時1分

Decision coming on this shortly. Should break to upside by end of this week or early next week.

Trend Analysis

LDAMATO

⋅ 2018年9月24日午後11時34分

Hello how are you.

You mean to wait until the $156 or $155 and then buy ?

Thank you.

yousufj56

⋅ 2018年9月25日午前2時1分

@LDAMATO, I meant that a break above 169 could mean it's ready to move up.

It won't be an instantaneous move. It'll take time to reach 210ish.

If it closes below the lower blue line, you can expect it to continue downwards.

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Getting squeezed in the falling wedge; upward moving coming? ロング

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