ALIBABA GROUP HOLDING - $BABA Closes above its bearish trend line, Chikou must confirm the bullish breakout - 05/29/2016 (GMT)
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- Chart + One way trading
- Direction : Long/Short/Neutral
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- Long positions above : 86
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- Short positions below : 72,5
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- Neutral zone from : 72,5
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- Neutral zone up to : 86
- Timeframe : Weekly
ALIBABA GROUP HOLDING Chart
First time, since its IPO on the NYSE, that the Ichimoku weekly cloud turns bullish (Senkou Span A > Senkou Span B).
Last week closes above a bearish trend line passing by the two last tops.
If Chikou confirm the bullish breakout by crossing over its candles, and the weekly candle by crossing over its cloud the trend may be bullish according Ichimoku.
Last week closes above a bearish trend line passing by the two last tops.
If Chikou confirm the bullish breakout by crossing over its candles, and the weekly candle by crossing over its cloud the trend may be bullish according Ichimoku.
This member did not declare if he had a position on this financial instrument or a related financial instrument.
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