CFD Trading –Sell Alibaba Group Holding. (BABA.NYS) @ $90.00. Stop @ $94.50 and Target @ $79.80.

Alibaba Group Holding Stock Code BABA.NYS


Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bearish with both its lines below the zero line and heading lower. If price is unable to move above the cloud, it could be heading towards the support at $74.33.


$90.00                Sell

$79.40                Price Target

$94.50                Risk Management Stop

3 weeks              Trade Duration

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