$BABA is caught in a 15-month downtrend channel but there could be short term upside opportunity ahead. trading above Q2 earnings VWAP & 10/20MA. also attempted to re-capture its 50MA, with MA convergences taking place. price action behavior is very similar to oct'21 period.
Took a position @ 126 MACD turned positive. CMF is positive Holding ema cloud beautifully Needs to hold SMA10 to keep the trend bullish.
UPS 4H I UPS possible ascending triangle. Seems to be testing the bottom of the pattern we can attempt to catch the bottom on this name with a tight stock below $206. BA 1H I The breakout we wanted above $219 happened last week. BA can hit $230 resistance this week before pulling back as earnings approach on 01/26. DIS 2H I Strong bounce on DIS at the bottom of...
Baba Possible bottom around 100$… excluding ~20$ of cash per shares, it will reach a 10PE..
my thoughts were accurate for the 3 Chinese stocks and now we are waiting for re-entry after the decline. the positions were closed half yesterday and half before yesterday trading day disclaimer
Drop in vlume on the way up, doji forming, gaps open below the market, oscillators wayyy overbought — this is ripe for puts and I bought puts on BABA.
Baba after all the news is down 70% and is at higher time frame support. A good buy for 20% and more targets, Also a good buy for long term.
BZUN : Chinese stocks have been beaten down badly. Is this the opportunity of a lifetime to buy them cheap? I don't know. Tell me what you think. I like the chart and it looks like we could have a substantial bounce here. I'm buying some January calls. All resistances mentioned on the chart are potential targets. Let's regain the 50 MA and see. NIO and ...
$BABA Daily chart bullish setup, we have been calling out $BABA all of last week for a move higher based out of the TTM Squeeze and the bullish flow we saw on our Options flow in $KWEB the Chinese Tech ETF. $BABA has been the laggard along with other Chinese name all of last year when Tech stocks were making new all time highs. In the blood bath in tech sector...
Not sure why I'm responding to a troll, but here's the reason why I track HSI.... The orange line is PDD. I don't trade HSI futures, PDD options have better return. BABA chart is similar.
In the weekly charts, you clearly see BABA broke its Bullish trend line after 297 weeks and finished the pullback, and continues its way to the south. I believe it will see 150 and 130 if it closes below 170. if you are eager to buy the dips be careful, and wait for coming dips, do not jump the gun until a clear reversal pttern. Most Chinese stocks build strong...
We can see that BABA made a 5 Waves down on daily. BABA recently made the 1-2 to setup for the reversal. We can see a big green candle near demand with the volume validating the move. BABA retraced perfectly to the 0.618 for wave 2. It also broke neutral and 20day MA is reclaimed and curling up. However, overall its still making higher lows and we don't know if...
Alibaba found strong support and wants a reversal. One of the stocks that showed considerable strength during the recent market turmoil.
Ali Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down. This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low. With...
baba out of triangle and above of 21 and 10 DMA .. keep calm an you will be reward soon.. my aim to close the gap at $160 the worst have finished for Chinese big-tech disclaimer
I don't see this company shutting its doors, stock down 60% and this looks like a solid weekly bottom forming. Low time frames look great also. Not advise archiving thoughts.
BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm...