Currently I am looking for the short entry into the Alibaba share. On a weekly basis, the stock would be a correction quite well. In the last 3 years, the course has been training ever higher highs and tripling. The entry into the shorts would ideally be in the range of $ 198-200 and then would have to be confirmed intraday. The first target range of the movement would be about $ 170, if necessary, the $ 150 could still be reached.
@Mastropiero, thank you. Have some of them :-) Look at my analysis of Goldman Sucks or Banco Bilbao or Bitcoin or ..... They are hot;-)
CryptoeChris
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Hey Stefan the stock still seems bearish ATM but do you think with the trade talks next week we will go back to $200?
StefanBode
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@CryptoeChris, Yes, that is possible. Minimum correction has already been achieved.
torb81
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Please update
Buy zone?
StefanBode
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@torb81, short term maybe corrective up - but i think Alibaba than go to $149-152.
CryptoTaco
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Don't see this playing out at all
StefanBode
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@ChackoTaco, The fall of the first blue arrow was, in my opinion, too deep and therefore I think that the current movement is a correction followed by a further downward movement. What's your Alternative/Tradingplan?