broke the channel and made a pullback now ready for a sell
Alibaba is forming an ending diagonal in 5 waves, in a minor degree subdivided in 3 waves. There is also a good CRV now for an entry to going long with a target at 370.
BABA bullish reversal coinciding with trendline support, immediate resistance at $280 gap.
We finished a clean three wave zigzag which stopped around 123.6% fib extension. There has been lots of call flows into this name for a while and with the news about the China stocks on the board this seems like a risky play. Based on Elliot Wave theory I am long $BABA and keep adding to my position as long as we stay above the 0.786% retracement zone in the...
baba call buy 270 cmp:267.8 days 316 Oct 15 2021 cost 37.96 3dec2020 1.taken confirmation entry from daily origin 7 score demand
there are lots of things to consider. Let's start with the price chart. we had 2 down gap, not yet covered very well, plus the last one of 30th Nov. considering the 200 ma, it's close, yet away $20. then the ma 20 days, that took down the price 2 times, at $303 and $280, which is just on top of the price again at $270 (price now $266) MACD isn't really good...
Alibaba holdings is going to be bullish as the market opens and its going to regain its volume power of buyers as the RSI indicator shows weak signals of bearish
What Is Holding Back Alibaba Exponential Growth The Chinese company Alibaba Group owns more than 900 enterprises, generates a turnover of almost $ 400 billion, and creates tens of millions of jobs. Alibaba was recently set to conduct the largest IPO in history, bringing its subsidiary Ant Group fintech service to two exchanges at once - Shanghai and Hong Kong....
Alternate wave count on BABA shows we could be contained in the range of 305-2260 with a prolonged consolidation. Nonetheless, we are still favoring a more bullish outlook on BABA on the medium the longer term into 2021. Exact Trade Execution details in video update.
BABA dips into wave (ii) support level at 38.2% retracement or 263 setting up for a potential move higher targeting the 340-360 range into 2021. Looking to establish some minor longs on BABA with dips into 263 with either Leaps or Longer Term Bullish Vertical.
For BABA (NYSE:BABA), we notice a call option trade that happens to be bearish, expiring in 9 day(s) on December 4, 2020. A trader bought 500 contract(s) at a $285.00 strike. The trader or institution spent $135.0K on this trade with a price of $270.0 per contract. There were 4779 open contracts at this strike prior to today, and today 2563 contract(s) were bought...
Fibonacci extension and retracement tutorial upon member request
Short Term Elliott Wave view in Alibaba suggests the decline from October 27 peak has ended at $252.5 as wave (4). The internal subdivision of wave (4) unfolded as a zigzag Elliott Wave structure. The 60 minutes chart below shows wave C of that zigzag which completed at $252.5. The stock has since turned higher in wave (5). Alibaba however still needs to break...