0.000High0.000Low0Volume0.000Open0.000Pre Close0.00Turnover0.00052wk High0.00%Turnover Ratio0Shares0.00052wk Low--EPS TTM0Float Cap0.000Historical High--P/E (Static)0Shs Float0.000Historical Low--EPS LYR0.00%Amplitude--Dividend TTM--P/B100Lot Size--Div YieldTTM
We're looking into a possible sell setup for $Alibaba (BABA.US)$
And this is why:
1.) The price has been in an descending trend on the daily chart since the beginning of August 2020 to date.
2.) The price is currently trading at a all time low since 2016 around the 80.99 levels
3.) It's at the 127.2% Fibonacci extension where we might expect some reversal
4.) But the overall fundamental and technical view is that prices of Alibaba might drop further if it ...
We're looking at a potential sell setup for $BABA-W (09988.HK)$
And here is why:
1.) On the daily chart, the price has already been in a descending trend since the beginning of July 2022 to date
2.) Price is now testing a key level at 79.80 where the previous swing low in May 2022 sits- prices have fallen about 42% since Jan 2022
3.) There might be some potential pull back to catch the bearish momentum with a potential sell entr...
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