BABA - ready for a trend reversal

٦ ديسمبر

hi traders,

Let's have a look at the BABA chart on the 1D time frame.
After a massive rally, BABA experienced a deep pullback, but it looks like it might be time to load up on BABA again.
BABA is still in our buy zone but we're expecting the trend reversal soon.
Probably US market will experience some sort of pullback in its bull market and in this period we're expecting China market to have a nice recovery.

Our targets for BABA:
Target 1: 107 $
Target 2: 117$

We're expecting other Chinese stocks to perform well too . Check NIO stock here:

Good luck

٩ ديسمبر

تم فتح الصفقة

BABA exited our buy zone. we are bullish on China in the next few weeks