Friday, August 11, 2023

Chart: Alibaba

 


Alibaba

Price testing trend line of reverse head shoulder.

Results supposedly decent.

Strong breakout will likely see rise near Fib 1.00 (134) of uptrend.

Best case scenario near Fib 1.618 (170) of uptrend, which coincides with Fib 1.618 of downtrend.

Current plan likely to sell related ETF partial near Fib 1.00, then balance near Fib 1.618.

As always, gentle reminder to dyodd.