NYSE:BABA   ALIBABA GROUP HOLDING LTD AMERICAN DEPOSITARY SHARES EACH REPRESENTING ONE ORDINARY SHARE
21 0 0
I may seem that Alibaba might be back for good. After long term market manipulation to the downside which "concluded" to a 30% drop from $120/share to $77.77. The stock has surged back up 6% thus far today. Yes the numbers from Q1 2015 were good and revenue was up 45%. At the end of the day we have to be logical and understand there are other forces at play when a company that sold $11billion in one day is trading 5x less than Amazon, and the said company is Amazon 2.0. Mutual Funds and big investors of the are settling themselves in at a great price before the Big Bang! Looking at the chart other than a few instances of high vol             which took the price down. There has been divergence between price and vol             . the price has moved down on relatively week vol             . Today seems to mark the exhaustion point for the sellers as you can see by the arc and strong correlation of high vol             and increasing price.

The last time BABA had vol             about 16m was 1/29/15 when the price gaped down from $98 t0 $89. Since then vol             ha be relatively nominal till today's explosion of 18m+.

Confirmation is key in these markets when you are not one to delve in Primary price discovery. There will be some volatility in the near term yet as long as we don't return to filling the gap at $80 - $82 Baba should be ready to soar back above $92.36 easily.

We'll need to close above today's close two days in a row before we can truly breath a sigh of relief.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out