BABA continues the bullish outlook since we called it last on October 23rd.
Babalicous outlook Part 1 :
https://www.tradingview.com/chart/BABA/wZTwZwBR-BABALICOUS-OUTLOOK/
We continue with our update here!
Baba has broken through our previous resistance/ area of demand and has perfectly retested the zone.
As you can see our Area of demand has always been an area of tough resistance and as of now it is becoming strong support. In addition we have spotted a beautiful rounded bottoming pattern with a target of 80% or $210.00 price target from current levels. If BABA can close this monthly candle as is the $210 price level is sure to be tested!
Babalicous outlook Part 1 :
https://www.tradingview.com/chart/BABA/wZTwZwBR-BABALICOUS-OUTLOOK/
We continue with our update here!
Baba has broken through our previous resistance/ area of demand and has perfectly retested the zone.
As you can see our Area of demand has always been an area of tough resistance and as of now it is becoming strong support. In addition we have spotted a beautiful rounded bottoming pattern with a target of 80% or $210.00 price target from current levels. If BABA can close this monthly candle as is the $210 price level is sure to be tested!
Giao dịch đang hoạt động
$210 will be displayed soon !Ghi chú
Price is still consolidating in area of demand. Great place to accumulate!
Thông báo miễn trừ trách nhiệm
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Thông báo miễn trừ trách nhiệm
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.