BABA Alibaba is once again showing potential. It is trading within a descending wedge and currently challenging the Point of Control (POC) resistance area.Both the MACD and RSI are curling up, indicating the development of bullish momentum that might result in a change in the trend.
If it can break above the $89 level, there's potential for further upside.
Upside targets:
$96
$102
$120
Downside risk:
$84
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。