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$BABA on the way to 108 | #heikinashi #markets #equities #alibaba $AMZN

February 8, 2017 Comments off

Alibaba ($BABA) daily chart

  • (+) First target: $108 (October high)
  • (+) Another consolidation in uptrend from the bottom (circle)
  • (+) The HA smoothed indicator points to a price rise from here (stop-loss = $98.59)

 

Alibaba ($BABA) weekly chart

  • (-) Top/consolidation
  • (+) Near resistance @$103.39
  • (!) Opposite signals daily and weekly = more consolidation (patience, time)

 

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