March 21, 2015
Bottom – Catch the Falling Knife
Alibaba Technical Analysis – Has the stock, Alibaba Group Holding Limited (BABA) reaches the bottom? Do you want to try catch the falling knife? Has the stock into the reversal phase? We see small double bottom, the price may break the neckline, and retest the neckline. When this happen, the reversal is quite confirm. However, we always want to be careful that all setup can fail. Be ready to run, stop lost.
See chart and analysis on chart for more analysis.
Alibaba Group Holding Limited, BABA March 20, 2015
Lessons
Catch Falling Knife
A slang in trading, means the current price or value has dropped significantly in a period or short period of time.
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Moses
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