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...
Alibaba (BABA) is completing today the first Golden Cross formation since January 23. This is a bullish medium-term pattern and along with the 1D RSI bullish trend on Higher Lows, it will most likely end with a Higher High on a 6 month basis. As you see, the price recently broke above a Channel Up pattern, so we expect an aggressive rally to the Lower Highs...
Alibaba looks bullish as we expect the chart to form a double bottom pattern. We expect it to rebound from the strong resistance levels. There is also a bullish cross-over on the MACD line. Risk-reward ratio is 10.64. Entree price at 81.74 Taking profit at 120.06 Stop loss at 78.05
Technical Analysis: - As you can can see in the chart, Alibaba(BABA) is still correcting in short term wave V in red and it must be completed around $43 when we think smart buyers will appear - If the price crosses the invalidation level around $121.30 it means that the correction is over or we can have a bounce in WXY Structure in wave IV which will extend more...
Alibaba Group Holdings (BABA) hit today its 1D MA50 (blue trend-line) for the first time since February 16. In the past year, every time the price closed a 1D candle above the 1D MA50, it soared to at least 120.00 which is the bottom of the 1 Year Resistance Zone. This time the stock is past a 1D Golden Cross pattern, the first such formation March 18 2019, which...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
The Alibaba Group (BABA) is pulling back after being rejected not just on the 1D MA200 (orange trend-line) but also at the top (Lower Highs trend-line) of the Falling Wedge pattern holding since the October 20 2021 High. This is a huge Resistance cluster as the RSI on the 1W time-frame also got rejected near its 54.00 Resistance. Technically, if the 1D MA50 (blue...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Although the trendline is downward sloping, the Golden Cross, the bullish MACD and the RSI on the rise may be signs of a temporary bullish reversal. A long position for when the price breaks breaks above the trendline and retests at the support is recommendable.
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Pattern: Bullish Megaphone on 1D. Signal: Buy as the 1D MACD has formed a sequence that since November 2018 designated the bottom. Buy if the Jan 20 High breaks or on the 0.5 Fibonacci retracement level. Target: 310 (just below the current Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...