Some key advice to keep you afloat in stock exchange.
Today our review is devoted to another successful company, though it was not created in the West. It's about the Internet giant Alibaba. The company is involved in e-commerce, but sometimes it claims itself on other sites - for example, car production. I think now there are no skeptics who do not see the further development of Internet sales and electronic communication with the client, because traditional stores can not satisfy all our requests and ambitions. Alibaba shares have been growing for several months in a row, pleasing both beginners in the Forex market and experienced professionals. The stable growth of the share price guarantees us a good income from the Forex broker. Now, the company's return on 1 share is at the level of 2.17 and continues to grow. At the opening of trading, the price will come close to level 110 and go further. It is after overcoming the level of 110, we recommend buying the shares of this company. Thus, a strong level of resistance will be passed and there will be no barriers to earning money in the stock market. 300 points of profit is the minimum that will have to be taken from the market in the form of profit on the account of a forex broker.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 110.00
• The level of profit and close the position: 130.00 (300 pips)
Possible bullish movement in the breakout of the resistance level 1255.00
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2370
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9980
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 110.60
Crypto Bonus of up to 25% when depositing funds by cryptocurrency. You can get from 5 up to 30,000 USD for trading.