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Analysis of Alibaba 4.01.2019

Posted On 04 Jan 2019
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Analysis of Alibaba 4.01.2019

The price is below the moving average 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero level.

If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 129.00
• Take Profit Level: 120.00 (900 pips)

If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position

Source:: Analysis of Alibaba 4.01.2019

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