Traders and Investors, Alibaba (BABA) has completed the typical bubble stock M formation and is now trying to gather orders for a bullish momentum. This stage happens when most investors fall into Despair or hopelessness. The earnings report is expected, and we have a wedge pattern. If the price breaks above the pattern and we get a confirmation, this can go the...
As Alibaba previous long term impulsive move was a “leading diagonal” pattern. So there is high “possibility” that its stock price “might hold” above 57.20..
BABA passed wave 5 in the Resistance Zone , and I expect that it will go DOWN to PRZ ( Price Reversal Zone ) & near the SMA 100 ( Daily Timeframe ) after breaking the Important Support Line . Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator . Alibaba Group Holding Analyze ( BABAUSD ) Timeframe 4H ⏰ ( Heikin Ashi...
First, I have to back to my previous idea about Alibaba Group Holding. Do you remember it? 👇(it moved as I ✅expected✅). BABA passed main wave B in the Resistance Zone, and I expect it to go DOWN to the end of main wave C that I showed in my chart. Alibaba Group Holding Analyze (BABAUSD), Timeframe 4H⏰ (Heikin Ashi). Do not forget to put Stop loss for your...
First, I have to back to my previous idea about Alibaba Group Holding. Do you remember it? 👇(it moved as I ✅expected✅). BABA completed main wave C in the support zone, and I expect it to go UP at least until the end of microwave 4 of main wave C(Resistance zone). Alibaba Group Holding Analyze (BABAUSD), Timeframe 4H⏰ (Heikin Ashi). Do not forget to put Stop...
China stocks are entering an exciting earning season combined with the upcoming major holidays. NYSE:BABA testing the 70s range and bouncing of March 22 lows. The political pressure, production shortages, and raise of materials have been dragging NYSE:BABA lower and lower. Optimistically recovering to the 110-130 range in the next 6 months is a very likely...
As RSI indicator is close to 30, we can expect that the price will decrease a little bit more to reach the support level , then we expect a trend reversal , so we suggest to take a long position. Entry: when the price retest the support level; Target: at the resistance level; Stop loss: as in the chart (6,22%).
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.
Really think even with all the bad news Chinese stocks are about to rocket, backtesting the breakout and support from 2016, this one is a hard long for me.
No one knows what will happen, but so far this is textbook accumulation pattern according to Wyckoff. Spring next??
BABA has returned to the demand zone within a large range measured between $73.28 and $126.27. It is currently completing a price consolidation within a larger falling wedge at area as well. This is great area to start averaging in a longterm position in addition to the trade idea presented below. Ideally I want to enter trade when stock price drops between $74...
Althogh NASDAQ100 is up more than 5% this week, it is still down 23% YTD..! and 25% down from its all-time high..! But detecting these symmetrical mirror view move helped me and my follower to capitalize on them nicely..! Some examples: (I did not publish any of these posts publicly) QQQ: Sep 5th, TSLA: Sep 6th SOXL: Sep 6th NVDA: Sep 7th ...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Entry: $9.62 Take Profit: $13 (+35%) Stop Loss: $8.98 (-6.6%) *Stop loss is...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management !! This chart analysis is for reference purposes only !! This move will...
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 5.89 ✨ It means if you risk here 100$ you may make 589$ Not bad, huh?
Alibaba has been trying to carve out a bottom since March 2022 with its 3rd successive higher low preceded by 2 successive higher highs. Bulls will want to ensure the $87-$88 horizontal support zone is held so as not to make a lower low than the August Base. The bears will be licking their lips for a gap close of $84 but the bulls on the other hand will want to...
🔸️Ticker Symbol: BABA 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Short TECHNICAL ANALYSIS: BABA is currently in a bearish regression trend testing our top deviation level. This historically has acted as a strong level of resistance which has resulted in a push lower in the stock value. Our bottom dashboard indicator is also showing that our money momentum is...
Ticker Symbol: BABA ️Timeframe: 4HR ️BREAK OF TREND (STILL WAITNG FOR GREEN LINE CONFIRMATION) ️Investment Strategy: LONG TECHNICAL ANALYSIS: MONEY MOVEMENT SHIFTING UP AND GREEN RED DOT: BULLISH ONCE THE TREND IS BROKEN, WE COULD SEE THIS MOVING HIGHER TO 100 LEVELS. NOTE: KEEP IN MIND, MARKET IS IN SELL-OFF MODE. Follow for daily stock, crypto and forex...