Looks like BABA resting on some support today after falling from support yesterday. Currently resting on .786 fib level. BABA is CHEAP right now, but there can be more downside with major support at $230-ish level as the ultimate bottom (unless there's a market-wide sell-off this is not very probable. I am personally adding to my March calls here.
Analysis of BABA (Alibaba Group). Current price is an opportunity to buy BABA. Alibaba group lays on a strong support level, and just might bounce back up. Even if my RSI Tunnels indicator is bearish, but it's in the deeps and there might be an opportunity here for a long. Stop Loss = 255 Take Profit = 300 Buy around current prices, 265-266 We can loss around 10$...
BABA looks bearish as 1. deep inside demand zone , 2. just broaken demand which was orign and 3. confirmation to downward move after breaking that demand cmp: 264 12nov
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BABA 2 Day Analysis. I just caught a trend I wanted to point out. The bulls do have a very strong trend in play underneath at 253 acting as support. I pointed that out with the heavy blue lines and colored the top as support to show where it is in relation to current price action. The bull zone I posted earlier happens to be positioned in the top portion of that...
BABA has recently been beaten down by bad news losing almost 20% of it's entire value in just over two weeks. This puts us past a simple correction and may indicate participants are looking for a new price level and new technical structure. The bulls did a great job on the way up (since March) however they did not technically build out a lot of trend support....
ALIBABA is clearly trading in an ascending channel. So far it has bounced off the support line. As u can see there are two ascending channels I have drawn. I hope ALIBABA will break through the first channel (mid white line) so that it can/ might grow to a 25% gain. My idea is buy at the support, take profit at the first resistance/ take profit at the top. Stop-...
I had a few friends that lost money investing in NYSE:BABA for their upcoming Ant IPO. The reason Alibaba stock got crushed was pretty apparent to me and I wanted to do an illustration on Tradingview so that others can have the knowledge going forward in their own investing.
BABA stock has seen some amazing growth this year. China regulators passing antitrust laws scares me. Hindering disruptive innovation and capping these growth companies is not good for these Tech companies. I do like BABA as a company. Long term I think it's a great hold but as of now, I'm uncertain... Right now it fell below my first support and is trading at...
TITLE/(DATE)- BUY BABA/USD ASSET- STOCK PLATFORM-MT4 ORDER TYPE- BUY Market Time Frame-4hr ENTRY PRICE 1- $267.50 ✅ market ENTRY 2- $265.50 (PENDING) STOP LOSS- $457.50 (100PIPs) TAKE PROFIT 1-$277.50 (100PIPS) TAKE PROFIT 2- $287.50 (200 PIPS) TAKE PROFIT 3- $297.50 (300 PIPS) TAKE PROFIT 4- $307.50 (400 PIPS) STATUS: 🏃🏽♂️ENTEY 1 ACTIVE 🏃🏽♂️
$BABA - Bullish to $300-$320 area - Watching closely
BABA in ascending channel Let's see if tests the higher channel's part...
• Huge correction after a consolidation at the target price level • Support by the gap from end august at 279/284 • Numbers are coming out in the next days • Could be an interesting enter point
Alibaba bearish divergence spotted on RSI, waiting for pullback !
• Reached the target price from the pennant formation which was built up in July • Short-term and long-term upward trend is still intact • It is up to you stay long or to take the profit