BABA - Looking to test $195 by early May?
Diupdate
Looking at BABA, it has definitely shown an oscillation with support at the $170 level for the past months (up to November 2017).
Resistance is coming from the last two highs, with expected resistance at $195 at point 5.
RSI is near the oversold level, currently at 36, crossing under to 28 April 3.
ADX shows the trend is near it's peak at 40, a crossover with DMI possible quite soon.
Stochastic RSI is also suggesting it is oversold, and is ready for a move upward, though it recently did a fakeout.
Lastly, MACD histogram is showing some convergence and may be suggesting there is a price reversal imminent.
Resistance is coming from the last two highs, with expected resistance at $195 at point 5.
RSI is near the oversold level, currently at 36, crossing under to 28 April 3.
ADX shows the trend is near it's peak at 40, a crossover with DMI possible quite soon.
Stochastic RSI is also suggesting it is oversold, and is ready for a move upward, though it recently did a fakeout.
Lastly, MACD histogram is showing some convergence and may be suggesting there is a price reversal imminent.
Catatan
Looks like target was hit. Yay!
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