Trading idea for Alibaba Group Holding Limited (NYSE)

#BABA

The overall trend is upward. The descending pattern of the H4 level is truncated.  Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern of the H4 level.

Stop Loss under the local minimum.

Target levels: 266.00; 300.00.