As per stockopedia Despite of the business sectors inclination to change rapidly and capriciously. Offers in it have been in an upswing as of late. Advanced Ally Inc is at present among the stocks with the most grounded half year and one-year relative value quality in the market. A glance at its StockReport could offer more understanding into what's driving the...
Alibaba making an interesting W-formation. Waiting for a break above the double top, or a retracement to the 20sma to go long. OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67. Keeping on a watchlist.
The Major trend is Bullish - The idea is to invest in the trend direction. Wait the end of the price retracement before going long. Based on the Exponential Moving Average and and tentative trendline, the price might reach the level of 242 USD before starting a new rally.
BABA is currently consolidating on the 1D chart (RSI = 59.048, MACD = 6.230, ADX = 19.815) but the important news of the month is that it broke in July two very bullish long-term patterns (the blue Channel Up and the dashed Higher Highs trend-line since Jan 2018) to the upside. This resembles the expansion phase that Alibaba had is 2017. If an identical +140%...
I was thinking if this market could go further before todays close
BABA looks great in technical aspect. Will the rising trendline hold? Trade with care! - chartingfeed
It’s pretty bullish, so go long for this instrument. The first target will be about 60 USD/Share .
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BABA broke out, as anticipated . Time to bank a piece and post a trailing stop in the $220 entry zone. China has taken the market momentum lead of late. But mega-cap tech suffered a chapter blow on Monday and we don't yet know the ramifications for the technical stability of the wider trend.
BABA will run at least another 10 points, but will it consolidate and break through from there, or reject lower? Worth watching here. Risk reward on commons not great, but calls may work.
Good Trades for today... Already Finished partially
The gap needs to be filled. We will see a small retrace before stock split. Wait for consolidation before entering the trade.
Very simple holding strategy. Buy at the bottom of the channel using a stop loss. Sell the top of the channel Now it just made a double top, but this is a long term view