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Lanmar

Bullish uptrend in Alibaba is getting started again

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
Lanmar Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Trend Analysis Chart Patterns BABA
5
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trendanalysis chartpattern baba
Alibaba has been on a near 3 year consolidation of doing pretty much nothing. In 2018 it dropped 33% after hitting ~211 and has been choppy ever since. We are now getting signals that the trend will commence.

If we zoom in a bit on the daily here's what we see:
snapshot

Do you see any Chinese stocks that are getting your attention? Pls post in the comments below. Thanks.
Comment:
Alibaba's been coiling between 245 - 265. I am looking for one leg higher from here
snapshot
Comment:
breaking out
snapshot
Trade closed: target reached:
target hit today, still long some. Watch 325 for a possible top formation
Comment:
coming close to the top channel trendline. May cause short term sell pressure. Eventually I think baba breaks above this channel
snapshot
Comment:
BABA got right back into the June 2020 breakout zone of 220. I'll be monitoring it for a long between 195 - 215. I'm in no rush to buy as I think it needs some time to bottom out:
snapshot
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