BABA to comeback to Create Double Top! Buy 8/21/24 - 8/28/24
BABA is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alibaba stock with a 90% probability to be traded between $73.00 and $84.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
If Entered will be at 83.15 -83.35
If Entered will be at 83.15 -83.35
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