Alibaba is trading inside a very standard 1W Channel Up since June (RSI = 52.639, MACD = 1.760, Highs/Lows = 0.0000) with the Low to High legs symmetrical at +21%. If the current leg is completed on equal strength then the peak (+21%) will reach 195.50 which is the 2019 High. So if the Higher High trend line of the Channel Up breaks, be ready to extend your long...
Analysis per request: Greater likelihood to further correct towards 150 (and lower) in the months ahead. No clear upward signal at the moment other than a possible retest around 170.
(chart self-explanatory, lines and connections have been averaged on step-line over linear)
I have opened a short position for $BABA on Friday. Friday's close broke and closed below 1D MA200 and DC20 with a bearish candle. RSI is below 40, PVO is increasing. Next target is at 152.
SL TBD and is moving as is driven by DC20 - if daily closes above DC20.
Please trade carefully and with money only you can afford to lose!
BABA is breaking an important resistance, tested 4 times since late July.
It Opened above resistance, and is growing with above daily average volume.
Great risk reward ratio entering position entering a position at $181, sell around $195.
As shown in the chart, we are testing a heavy resistance tested multiple times.
Technical indicators are showing mostly consolidation.
If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)
Obviously breaking this resistance would be an important step towards a strong uptrend.
There has been no divergence with RSI and the OBV and trade price. They are steadily growing. ----> BULL
DI+>DI- (positive directional index just crossed above the negative) ---> BULL
MACD>MACsignal (MACD just crossed above the signal) -----> BULL
Alibaba reported earnings yesterday (Aug15th) continued positive non-GAAP earnings of...
While BTC is taking a week-end rest I have the inclination to proceed and revisit some of my favourite shitcoins and NEO is definitely one of them. This coin and platform has all that is needed for a solid DAPPs coin and in many ways fundamentals of NEO stood head and shoulders above ETH, Stelar, Cosmos and other similar DAPP platforms yet it took more...
Technical analysis (daily chart)
OBV on steady uptrend along with the RSI
MACD > MACDsignal
BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%)
Fair value Morningstar note
Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020 outlook calling...
Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that...