15 October 2016
We do not recommending anything
We do not recommending anything. Just passing along what we have found what works.
BABA | Alibaba Group Holding Charting and MACD
We can easily spot the ABCD Chart pattern. 20 MA going flat and bending down. Price cross below 20 MA and tested 50 MA and get supported.
Check MACD signals, we see MACD Cross-Down Signal much earlier and now MACD Cross Below ZeroLine.
The stock is topping. Will see.
Reading Bar By Bar – BABA Charting
See the chart below with volume, if the bar continue to go lower, lower than the last high that confirmed the bullish trend (lower brown line), the trend will be bearish.
Have fun!
Moses US Stock Desk
AmiBrokerAcademy.com
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