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Friday, 24 August 2018

Alibaba Group Holdings (NYSE: BABA): 24 August 2018, Friday, 6.27pm Singapore Time

Alibaba Group Holdings (NYSE: BABA): 
24 August 2018, Friday, 6.27pm Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the technicals for Alibaba Group Holdings that is listed in the US Market (NYSE: BABA)

Alibaba has flipped to short term smart money funds flow outflow now. The large bearish divergence illustrated by the red lines look set to be executed now. This means $165.00 classical support in light orange looks set to be broken down sharply. The target as a result of the dark brown rounding technical formation with dark orange symmetry is $120-$127. Short Alibaba. Bearish on Alibaba with $165 looking set to break down, with $120-$127 as target.

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