NYSE:BABA Alibaba Parallel Down Trend continues, below the 50 day moving average. BABA needs to consolidate and break the down trend before it is safe to inter a long position.
Alibaba Group Holding Limited ( NYSE:BABA ), a behemoth in the Chinese e-commerce and technology landscape, has recently faced tumultuous times, and investors find themselves at a crossroads.
The Current Landscape:
Alibaba, often referred to as "China's Amazon," has witnessed a significant downturn, with its stock plunging 39% over the past year. The broader...
Alibaba (BABA) has been trading within a Channel Down since the July 31 2023 High. The 1D MA50 (blue trend-line) has been acting as the basic Resistance while a truly sustainable bullish trend can technically exist only above the 1D MA200 (orange trend-line).
Until then every 1D MA50 rejection such as December 28, is a Lower High on the Channel Down and a sell...
Two rules:
1.Don't lose money
2. Don't forget rule one
This share is undervalued - Check
Softbank is gradually reducing their large stake - Check
This share had lost momentum to the upside - Check
Break below wedge for a new 52 week low - Check
Yesterday the community entered a long on BABA after we backtested a key level of significance and the falling wedge as support.
The chart is prettty good, a completed harmonic below support, spring and break of the falling wedge to get above support before backtesting that level as support once again, whilst at the same time showing bullish divergence... No...
The recent performance of Alibaba Group ADR (BABA.N) has raised eyebrows among investors, as the stock is currently in a falling trend channel in the medium to long term. Despite the negative sentiments and challenges faced by the Chinese e-commerce giant, there are compelling reasons for buyers to consider the stock. We will delve into the key factors that may...
Alibaba says its I2VGen-XL model can handle “visualization, sampling, training, inference, join training using images and videos, acceleration, and more.
Alibaba Cloud—subsidiary of Chinese conglomerate Alibaba Group and one of the world's largest cloud computing companies—has unveiled its I2VGen-XL AI tool. It’s an advanced text-to-video system that's intended...
My previous analysis of the Hang Seng Index was invalidated. And now I've done a revamp of the wave counts for 2023.
This is the summary:
1. Hang Seng will continue to fall either till Christmas or EOY.
2. Target support, or end of correction, will be 14980-15100. Look out for this support zone.
Made a small pullback from the weekly lows. Would be nice to see healthy RSI trend break to bullish direction. Expecting to see some nice action from recent S/R zones and price gaps (not visible on HA candles).
Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Alibaba for you🫡
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➡️Let me know your opinion about today's analysis...
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### Stock Analysis Update: Alibaba ( NYSE:BABA ) Approaching Double Bottom on Weekly Chart
#### Potential Double Bottom Formation for Alibaba
Investors tracking Alibaba Group Holding Limited ( NYSE:BABA ) should take note of a significant pattern forming on its weekly chart. The stock is approaching what appears to be a double bottom, a key technical...
Alibaba still making higher swing lows on the daily. We recently broke out this falling wedge but have come back to retest the breakout. Important level to hold if the bulls want further upside. Results on 16th November could be a catalyst for a larger move
The Chinese MNC had displayed its last big impulse move in Oct.2022.In this move(labeled wave 1) the Chinese giant gained 106% between Oct.2022 till Jan.2023.
Between Jan.2023 to May 2023 the stock got into wave 2 correction and corrected 61.8% of the wave 1 rally(the correction was an Elliot wave zigzag).
The stock displayed a bit of strength again on the...
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Having said that, from a first glance at Alibaba Group Holding (NYSE:BABA)...
