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Alibaba - Don't forget chinese stocks!

Long
Alibaba Group Holdings Ltd. (BATS:BABA)  
basictradingtv Updated   
BATS:BABA   Alibaba Group Holdings Ltd.
Support and Resistance Chart Patterns Beyond Technical Analysis alibaba chinastocks alibabatradingsetup support BABA chinesestocks alibabastock reversalpattern stockmarketanalysis
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Hello Traders and Investors, today I will take a look at Alibaba.

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Explanation of my video analysis:

Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At the moment Alibaba is still in a very bearish market but there is a chance that we will see a reversal in the near future.

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Keep your long term vision,
Philip (BasicTrading)
Comment:
Well seems like Alibaba is approaching the upper resistance trendline.

We might see a bullish breakout soon - then scenario mentioned in the analysis:

snapshot
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Keep your long term vision.
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