Hello Everyone, Followers,
BABA is heading into Tuesday’s earnings with price sitting around 152.93, pulling back toward key support after getting rejected near recent highs. The chart is lining up for a potentially volatile reaction, and the current structure gives some clear levels to work with.
🔹 Trend Structure
Price is still respecting the broader ascending trendline (yellow), which has supported the medium-term uptrend.
Short-term momentum is softening — moving averages are compressing and curling down slightly as the market waits for earnings.
🔹 Support & Resistance
Immediate Support: 148.8
Immediate Resistance: 160–163
Major Resistance: 167–168
A break below 148.8 would be the first bearish confirmation. Holding here keeps the bullish scenario alive.
🔹 Earnings Scenarios
Bullish Setup
Hold above 148.8
Reclaim short-term MAs
Targets → 160 and 168
Bearish Setup
Break below 148.8
Drop into 135.00 - 136.00
Bigger downside only on bad guidance
🔹 Outlook
BABA trades right on a critical Fib support ahead of earnings. Trendline support remains intact, and buyers typically defend this region. If earnings are even moderately good, this setup has space to recover toward the mid-160s.
A breakdown opens a cleaner path toward the 135 area.
🔹 My Plan
I’m watching the 148.8 → 150 zone closely.
If it holds: I expect a bounce toward 160 → 167.
If it breaks: I’ll wait patiently for 135 before planning any long positions.
No rushing here — earnings will decide the next leg.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovelly Sunday to all and Good Start a Week.
BABA is heading into Tuesday’s earnings with price sitting around 152.93, pulling back toward key support after getting rejected near recent highs. The chart is lining up for a potentially volatile reaction, and the current structure gives some clear levels to work with.
🔹 Trend Structure
Price is still respecting the broader ascending trendline (yellow), which has supported the medium-term uptrend.
Short-term momentum is softening — moving averages are compressing and curling down slightly as the market waits for earnings.
🔹 Support & Resistance
Immediate Support: 148.8
Immediate Resistance: 160–163
Major Resistance: 167–168
A break below 148.8 would be the first bearish confirmation. Holding here keeps the bullish scenario alive.
🔹 Earnings Scenarios
Bullish Setup
Hold above 148.8
Reclaim short-term MAs
Targets → 160 and 168
Bearish Setup
Break below 148.8
Drop into 135.00 - 136.00
Bigger downside only on bad guidance
🔹 Outlook
BABA trades right on a critical Fib support ahead of earnings. Trendline support remains intact, and buyers typically defend this region. If earnings are even moderately good, this setup has space to recover toward the mid-160s.
A breakdown opens a cleaner path toward the 135 area.
🔹 My Plan
I’m watching the 148.8 → 150 zone closely.
If it holds: I expect a bounce toward 160 → 167.
If it breaks: I’ll wait patiently for 135 before planning any long positions.
No rushing here — earnings will decide the next leg.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovelly Sunday to all and Good Start a Week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.