Get started
basictradingtv

Alibaba - Trading opportunity is finally there!

Long
Alibaba Group Holdings Ltd. (BATS:BABA)  
basictradingtv Updated   
BATS:BABA   Alibaba Group Holdings Ltd.
Trend Analysis Triangle Beyond Technical Analysis alibaba chinastocks alibabalong chinesestocks alibabatradingsetup trianglebreak babalong tradingsetup swingtrading
63
17
trendanalysis triangle beyondta alibaba chinastocks alibabalong chinesestocks alibabatradingsetup trianglebreak babalong tradingsetup swingtrading
Hello Traders and Investors, today I will take a look at Alibaba.

--------

Explanation of my video analysis:

Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal. If Alibaba stock actually manages to break above the current resistance trendline, we could maybe see a similar rally like we saw in 2015 and the following years.

--------

Keep your long term vision,
Philip (BasicTrading)
Comment:
Don't get caught up guys, patience is your biggest friend as always.

BABA is once again rejecting resistance but the overall setup is still valid:

snapshot
👇Free Trading Newsletter👇

www.basictrading.net

- - - - - - - - - - - -

Keep your long term vision.
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.