Alibaba - Another Tech Giant in 2020s
Laziness is for the weak !!!🤣 Although I don't have some great ideas to code indicators or strategies today (actually I got plenty under my belt) , I must share with you this simple chart I have come across with. 😘
Alibaba - a household stock almost every trader has traded on , debuted in Hong Kong last year, which stimulated its share price significantly. And I just found a great pattern with it - inverse head-and-shoulder pattern.👍
The recent selloff due to the issues with Soft Bank just stopped at its left shoulder ($187) and regained its strength again. I will put my target at $ 225-227 , and keep some for breakout after buyers realize it is an inverse H&S.
Just a short update for today. Happy trading. Don't forget Likes and shares!!! 👈
Alibaba - a household stock almost every trader has traded on , debuted in Hong Kong last year, which stimulated its share price significantly. And I just found a great pattern with it - inverse head-and-shoulder pattern.👍
The recent selloff due to the issues with Soft Bank just stopped at its left shoulder ($187) and regained its strength again. I will put my target at $ 225-227 , and keep some for breakout after buyers realize it is an inverse H&S.
Just a short update for today. Happy trading. Don't forget Likes and shares!!! 👈
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