- Descending triangle, with back-testing the broken support/resistance
- Clear downtrend in MACD and RSI, the latter cannot rise above 50, the former ready to give another sell signal
- Target defined by the height of the triangle
- Stop defined by trendline and MA around 110
- 100 might stop the downward movement, when BABA reaches 100 stop should be pulled to entry point
- Sentiment supports short idea
- Clear downtrend in MACD and RSI, the latter cannot rise above 50, the former ready to give another sell signal
- Target defined by the height of the triangle
- Stop defined by trendline and MA around 110
- 100 might stop the downward movement, when BABA reaches 100 stop should be pulled to entry point
- Sentiment supports short idea
