Thoughts on Alibaba?
On the H4, with MACD moving in a bullish momentum, giving me a bullish bias that price will rise from the buy entry at 90.90 where the pullback support is to the take profit at 102.30 where the swing high resistance, 100% fibonacci projection and 50% fibonacci retracement
Alternatively, prices could break entry structure and drop to stop loss at 79.90 where the swing low support and 61.8% fibonacci projection are.
Entry: 90.90
Take profit: 102.30
Stop Loss: 79.90
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
Entry: 90.90
Take profit: 102.30
Stop Loss: 79.90
$Alibaba 5xLongSG230329(DKCW.SG$
$Alibaba 5xShortSG230330(DAJW.SG$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment