*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* The market overall has reached its next buy zone. My team is loading up...
I see multi-week accumulation from late November and 2016 resistance acting as strong support with bullish divergence on the weekly, what do you see?
Alibaba - Short Term - We look to Sell a break of 109.62 (stop at 117.14) A break of 110.00 is needed to confirm follow through negative momentum. Closed below the 20-day EMA. The trend of lower highs is located at 128.00. Our overall sentiment remains bearish looking for lower levels. The primary trend remains bearish. Our profit targets will be 89.94 and...
Additional American depositary share registration in the U.S. was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake. Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake, The can drop to the $109 support, if not even lower. Looking forward to read your...
Great Long Opportunity on NYSE:BABA , but wait and see if VMC green buy indicator keep showing at the end of the month! Potential 150% gains if BABA reach ATH! **I think NYSE:BABA is a great mid-long term hold although there is "delisting risk" with the chinese stocks on NYSE** NYSE:BABA www.tradingview.com
While $BABA has had a nice gap up movement in the past few days, perhaps caused by anticipation to their earnings coming due, I expect the stock to have continued upward pressure. Therefore, I expect there to be more 'time and price' and filling of previous pricing areas as notated on the chart around the 115 TO 113-ish area. The complexion of China has not...
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, the upper band is the exact same size as the below, the same holds for the down trend bands. horizontally we have also an old support. It looks like a convergence in bottoming.
Hey Traders, As evident on the Weekly Chart of Alibaba (BABA), the Fibonacci Retracement looks like it matches up almost perfectly! Next, the Weekly RSI has something very interesting.. A descending resistance line is clearly present and if we are to break it, BABA would have a rebound to the golden pocket. The target is at .618-.65 ($238-$246) so set TP's/ Sell...
If your position were equally in size (as recommended) your monthly outcome should be +6% if you took all the trades! Position size recommended for all trades was 5% of the trading capital: 6% * (0.05%) = +0.3% you may think it is not good but when you compare it with market performance in January 2022 it will shine..! In January 2022: S&P 500: -6.06% NASDAQ:...
Hello Traders, Here is an analysis on Alibaba. As you can see in the chart Baba has completed a Wyckoff cycle of accumulation and distribution. Now that the price action is back at the median line it seems to be forming a triple bottom base and taking a break from its recent sell off. We will want to see more bullish volume grow in this area to confirm this base...
Alibaba had some great opportunity on short-term based on the news that Charlie Munger has bought lots of stock shares but that was it... on longer side BABA is still pretty weak and no clear picture where it will go, currently neutral with bearish short-term.
Baba has been in a long term downtrend channel. 110 is acting as support so far, which is the previous high and breakout zone. Good risk/reward setup at 110 level.
Alibaba is absolute value at this price! Buy on every dip... maybe we see 100 USD range which could trigger nice bounce up to 155 USD. From that point anything is possible - watch for price action.
Technical analysis used is called Elliott Wave technical analysis. We can see an almost textbook 5 waves movement down. I have done a quick check of the validity of the count, based on the rules and: 1. Wave 2 never moves the start of Wave 1 2. Wave 3 is not the shortest out of the 3 impulse waves W1,W3,W5 3. Wave 4 never enters the price territory of Wave...
Let's first review the facts: 1- Moving in a Downward channel for more than 400 days! 2- Rejection from EMA50 today 3- Option wall data: 100-130 in the next 4 weeks! I think it is very unlikely to see BABA out of the bearish channel soon! These types of moves are the result of mean reversion traders! Best, Moshkelgosha DISCLAIMER I’m not a certified financial...
BABA... so much attention lately. Step 1 It would be pretty right to say, that most people have bought BABA at higher levels, 150-180$. This was before the big recent fall. This was step 1 - entering the stock before the collapse. Step 2 We are heading to the next step, which could be not very planned, but considering the circumstances, becomes...
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...