i just wanted to make you remember that it is YET in the top part of the 5 yo channel.
if u buy here, you buy a 5 yo channel top, AND 2 yo LOST channel.
it CAN be an opportunity, alibaba is surely a good stock, yet, in technical analysis is not good looking after all (I would say only the MA 200 and the $250 support(?) in the daily chart)
but It is also kinda risky, it is Chinese (xi Jinping has kinda a lot of power, even on these big stocks).
chart: idk, it can be a TOP, or a LOST trend, OR 200 days MA.
china: ma should shut up if the stock wanna go up, ma should speak if he wants china as western countries (free)
just we will see, trade safe and do not risk all of your money in a single trade :D
if u buy here, you buy a 5 yo channel top, AND 2 yo LOST channel.
it CAN be an opportunity, alibaba is surely a good stock, yet, in technical analysis is not good looking after all (I would say only the MA 200 and the $250 support(?) in the daily chart)
but It is also kinda risky, it is Chinese (xi Jinping has kinda a lot of power, even on these big stocks).
chart: idk, it can be a TOP, or a LOST trend, OR 200 days MA.
china: ma should shut up if the stock wanna go up, ma should speak if he wants china as western countries (free)
just we will see, trade safe and do not risk all of your money in a single trade :D