rudcharts

BABA 3/21/22

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NYSE:BABA   阿里巴巴集团控股公司
BABA

Easy trade here.

Price is in existing downtrend.
Price was in a sideways range between 110 thru 130.
Price broke down from range and has pulled back to previous support and looking to turn it into resistance.
Price is also currently looking to reject 50ema and is at 0.50 Fib level.
Price is at area of value. This is my cue to enter trade short.

Will be entering trade short. Price heading to all time low.

Entry: 108.17
Stop Loss: 116.72
Target: 59.50
交易开始:
Trade remains active
交易结束:到达目标:
Target: 59.50

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