Long BABA @$78 | Potential Inverse H & S formation at play
Cập nhật
No position open yet.
The Fed raised rates by another 25bps the past week and indicated that more rates are still likely to occur in the future.
My long entry point at $78 is to allow the market to breath a bit after the recent rally. China recently eased their covid zero policy and so economic activity should pick up going forward, this is good news for BABA.
Higher Inflation > Higher Interest Rates > Potential Recession ...
The Fed raised rates by another 25bps the past week and indicated that more rates are still likely to occur in the future.
My long entry point at $78 is to allow the market to breath a bit after the recent rally. China recently eased their covid zero policy and so economic activity should pick up going forward, this is good news for BABA.
Higher Inflation > Higher Interest Rates > Potential Recession ...
Ghi chú
Baba is testing an important resistance level after bouncing off the right shoulder. All the best to Long Term holders
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.