HI TRADERS If BABA going down to D spot(about 258$) ,it will form BULLISH GARTLEY which is BULLISH sign. Be careful and WEAR MASK. Good Luck and Good Profit
** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS ** Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red...
Just a 10% prob. for me if something goes wrong with Global Economy (recession) due the COVID waves post-Christmas and pre-vaccine...but it don't predict the global monetary policies...I wish this would not happen
R/R of 2.36 set buy limit at 255.22 stop loss of 244.24 and take profit at 280.8
BABA's breakout of the bearish triangle turns out to be fake out, now price is back below the trendline. With EMA also showing more pressure, the general downside trend is not changed !
Cheap or not, BABA is still in a downtrend correction, but trying to form a base. Going back above 266 would be a positive step if you're looking for some signs of reversal. Alibaba is a solid company. I'm neutral/bullish now. Trade safe!
Alibaba breaking above the descending trendline, more upside! MACD is also showing support for more room towards previous swing high.
Sorry BABA but not yet. A bit more pain ahead and then we pop.
Doesn't look good for a short period but good for long
H & S spotted. Failed to thrust through the trendline resistance. indicators turn bearish. next level of support is awaiting
Tailwinds, strong fundamentals and good policies making Alibaba continuing this mid-term exponential growth.
$BABA is currently sitting on a volume shelf. A break below, 243 and we could see 200s. However we seem to be coming out of a major downtrend that started in October. A break through that trendline after higher lows and some consolidation over the past few days and we could see that 275 gap fill and possibly a push to 290 to fill the biggest gap of all.
BABA looks ready to breakout in my opinion... PT: $305 SL: $259
Is $ZM almost a long? Max Stops 380
Stop: 250 First target: 290 China stocks have been lagging over the past month but emerging markets as a whole remain in an uptrend. Unless the environment changes we continue to follow the model looking for a reversal to the upside. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model...
$BABA, I am not sure what is going with BABA but you will see some quick up or down move soon. Ready for it.