NYSE:BABA   Alibaba Group Holdings Ltd
150 3 13
Comment:
On 4h chart, it starts showing a divergence. Hope to see it moving down soon
Comment:
Since the last earnings, BABA has been in the bullish channel. there is RSI divergence. Stoch appears being overbought and divergence. technically, BABA is due a reset/a pullback before the beginning of October. On 4h, the first support should be around 105.4x ~ 106.1x, the second one 103.6x, the third one 102.1x. the first resistance should be around 110.9x ~ 111.1x, the second one 114.xx ~ 115.xx, the third one 120.

gotta wait to see a confirmation at each support and resistance before taking any action.
traders/investors, good luck!
Comment: could see a potential buy soon. also need to see a confirmation before acting.

Comment: If this channel holds, BABA could go up to 108ish again.
Comment: The weekly

from 98.25 to 109, another 10% profit.
Reply
from 78.75 to 98.25, that's incredible. over 24% gain.
Reply
Hit the first tp. likely could have 3.5% ~ 4.5% profit (due to various R/R) if closing at the end of day today. if the resistance zone broke this week, likely could see 92ish.
Good luck! ^_^
Note:
This is just technical analysis, not a trading suggestion.
Reply
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