Trend Turned Bullish for Alibaba Group

Trend Turned Bullish for Alibaba Group

Analysis Forecast:
Price Trend Turned Bullish

Analysis is for:
US Market
Short-Term Trading
Tactical Single Stock Allocation

Supporting Technical Observations:
1. Breakout of Downtrend (Supply) Line
2. Breakout of consolidation Base
3. Fund Flow Index (FFI), turned positive

1st Technical Target
US$250.00

Why this Level?
1. Key Supported turned Resistance Level
2. 261.8% Fibo Level
3. Whole Number

Below this Level means Incorrect Analysis:
US$204

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1st July 2021, 7.30pm (SG)

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