Antony_NPBFX
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Alibaba Group Holdings Ltd.: technical analysis 30.05.2022
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Alibaba Group Holdings Ltd. for a better understanding of the current market situation and more efficient trading.
The shares of Alibaba Group Holdings Ltd., one of the largest companies in the world in the field of Internet commerce, are correcting, trading at 92.00.
On the daily chart, a wide downwards channel with dynamic boundaries 70.00–100.00 is formed, within which the price is held for a long time near the resistance line, unsuccessfully trying to break it.
On the four-hour chart, the local Triangle pattern is formed, the upper border of which coincides with the resistance line of the global channel around 100.00.
At the moment, there is no clear signal from the indicators for the subsequent movement yet but, given the factor of the pattern, the growth potential prevails: fast EMA on the Alligator indicator is actively approaching the signaling line, and the histogram of the AO indicator forms upward bars.
Trading tips
After the reverse, growth and consolidation of the price above 101.00, the main scenario is relevant, which involves the formation of buy positions with the target at 119.00 and stop loss 95.00. The implementation period: 7 days or more.
After decrease and consolidation of the price below 81.00, an alternative scenario is relevant, which involves the formation of sell positions with the target at 70.00 and stop loss 85.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Alibaba Group Holdings Ltd. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Alibaba Group Holdings Ltd. for a better understanding of the current market situation and more efficient trading.
The shares of Alibaba Group Holdings Ltd., one of the largest companies in the world in the field of Internet commerce, are correcting, trading at 92.00.
On the daily chart, a wide downwards channel with dynamic boundaries 70.00–100.00 is formed, within which the price is held for a long time near the resistance line, unsuccessfully trying to break it.
On the four-hour chart, the local Triangle pattern is formed, the upper border of which coincides with the resistance line of the global channel around 100.00.
At the moment, there is no clear signal from the indicators for the subsequent movement yet but, given the factor of the pattern, the growth potential prevails: fast EMA on the Alligator indicator is actively approaching the signaling line, and the histogram of the AO indicator forms upward bars.
Trading tips
After the reverse, growth and consolidation of the price above 101.00, the main scenario is relevant, which involves the formation of buy positions with the target at 119.00 and stop loss 95.00. The implementation period: 7 days or more.
After decrease and consolidation of the price below 81.00, an alternative scenario is relevant, which involves the formation of sell positions with the target at 70.00 and stop loss 85.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Alibaba Group Holdings Ltd. and trade efficiently with NPBFX.