Should we expect a bearish trend on Alibaba?

The breakout of Alibaba through the 165.38 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Alibaba could test 149.85 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Trade Now Sign Up
Try a Free Demo Account

Leave a comment