NYSE:BABA Reverted back before I was anticipating. Look like it wanna go to the next resistance 300.
BABA recovering & multiple lvls to play for from 2 fib retracements, previous demand zone, and gap fill. PT as shown in the chart
286 - 294 seems to be the price to look for reverse trend or just another retest to go lower to at least 250
Alibaba has broke out of the bearish trendline and could bounce from the bullish trendline intersection, more upside is available!
BABA is at rigid support zone over high cluster of volume formed prior. For this, i long.
BABA filling gap back to 290 range where it likes to consolidate. From there it could fill the gap back to 300 range or fill the gap back down to the 270 range.
Trendlines, Ewave, Fibonacci observations looking bullish. I added to my BABA position yesterday. Today price action was bullish confirmation of continuing move higher. See chart for notes.
Alibaba Group is a Chinese multinational tech company specializing in e-commerce, and IT. This Chinese company is listed on the New York Stock Exchange (NYSE) as BABA. In this analysis, I’ll be covering the company’s fundamentals by looking at its business model and financials, as well as technical analysis for the stock. I’ll also be providing my own insight on...
Monthly Uptrend and now correction. Weekly Oullback due to law prosecution of ANT IPO Daily Open 250 SL 230 TP 320 RR 3
This chart suggests that BABA is ready to rally!
There is support around 242 also but I guess bearish momentum it can take to 232-282 area where it's gone test the gap and it will revert from there. It's also nearing the oversold region and volume is shrinking too.
Alibaba: Should You Buy the Dip? By: Manisha Chatterjee Often touted as the “Amazon of China”, Alibaba Group Holding Ltd (BABA - Get Rating) needs no introduction. Founded in 1999, the company operates through Alibaba, Taobao, and Tmall. Its cloud computing arm Alibaba Cloud is already dominating in China is expected to turn profitable by March 2021. BABA’s gross...
First, BABA is a great buy if you are in for the long-haul. However, with the recent news related to its Ant IPO, it looks like BABA is heading towards 200MA (purple line @ 240). Right above 200MA, there are resistance in the range between 240 and 246. So I'd pay close attention if price falls below 250 and put a buy order around 200MA. Since 2019, the 200MA has...
The idea is to Hold. It is too risky to go short. (major trend on a daily chart shows a possible beginning of a prie retracement. Based on Technical Analysis the following two options might be available. Optio 1: only if the 245 USD support level will be broken Option 2: 0nly if the 265 USD resistance level will be broken
Sitting nicely with the weekly cycle. I would make a small entry at current price. A further entry if drops to $240s range. Main exit = $ 277 Small hold until Feb 2021 before earnings. Please share thoughts --always learning :)
BABA Elliott Wave projection november 14, 2020 by: Daniel Chung