Alibaba - A remarkable reversal!

Jul 15

🛒Alibaba (BABA) reversed exactly here:

🔎Analysis summary:

Recently Alibaba has perfectly been respecting market structure. With the current bullish break and retest playing out, there is a very high chance that Alibaba will rally at least another +20%. But all of this chart behaviour just looks like we will witness a major bottom formation soon.

📝Levels to watch:

$110, $135

🙏🏻#LONGTERMVISION
Philip - Swing Trader

Jul 24

Trade active

🛒Alibaba (BABA) nicely plays out:

🔎Analysis summary:

After nicely rejecting the previous major horizontal level, Alibaba is now simply heading higher. This turns out to be a textbook bullish break and retest within the underlying uptrend. Alibaba could still reverse though so risk management remains super important.

📝Levels to watch:

$135

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Jul 31

Trade closed: target reached

🛒Alibaba (BABA) perfectly follows structure:

🔎Analysis summary:

Alibaba just closed the month of July with a nice bullish reversal candle, perfectly respecting support. Alibaba is still just following its bullish break and retest and after sufficient bullish confirmation, Alibaba created a bottom and will head much higher.

📝Levels to watch:

$135

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION