July 21, 2017
Alibaba is a hot stock, many traders and institution love to trade this stock. Have fun!
BABA Alibaba Group Holding and Major Levels
See chart for more, picture worth a thousand words.
Resistance turns support, breakout resistance, … Alibaba Group Holding become very bullish.
The share price has become very bullish. Professional trader buy low sell high. How to buy low? Buy retracement. So wait. Wait until the price action retrace.
If you study the chart, you will see there was an opportunity for you to buy low. That was June 14, 15, and 16. If you missed the opportunity, June 30 was another opportunity.
Now, it is easy say than done, when the window open. Do you jump in? Or have you jump in? Likely not. As you fear, or you greedy want to wait for the price to be lower again. Haha.
July 20, 2017 Alibaba Group Holding and Major Levels
BABA and Alibaba Group Holding and 34 MA Band
Moving Average is a great visual tool, especially 34 MA Band. It even look much better, you can easily see the price action bouncing off above MA band. It is Bullish.
You can see the price action retrace to MA, or MA Band. It is an optimal zone. So wait for the price action to retrace to the MA Band. Have fun!
July 20, 2017 Alibaba Group Holding and 34 MA band
Thanks for visit the site here. You could also find free MACD scan here in this site too.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.