Green Monthly candle on Baba

Monthly candle suggests long
Need to break 78 (volume spike) and first weekly close above it
Then needs to break above 86 (volume spike)

Most likely scenario is sell before earnings on Jan 31st as China is under deflation (weak population growth and interest rate going down not up as Chinese CPI is negative)

Komentarz:

Baba most likely bearish scenario is rejection at last earnings at volume spike

Komentarz:

No volume spike to support long positions so watching closely for any bearish action like lower low.

Komentarz:

Exercise caution, weekly lower low set.
Let's see how this weekly candle closes
Out for the moment

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Tested 20 day SMA

Transakcja zakończona: osiągnięto poziom stop:

Pump on high volume and dump on low volume. Not good for longs.
Might close on open tomorrow