Hey guys, after a big down day today, I wanted to take a look at the chart again. The inverse head and shoulders is still intact. I really want to see the RSI trendline keep that incline slope. If it doesn’t hold RSI tendline, we may head all the way to oversold conditions, which could be several dollars below here if we don’t get a significant rally. Also, It...
falling cycle -20.43% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
BABA showing a classic hidden BULLISH divergence indicating a trend reversal. Look for BABA to retest $105 and $118 area in coming weeks.
Baba looks to be rising toward the neckline at $120. First Target would $105 first. Once $120 is broken Baba will rise higher.
BABA is in the FIB golden pocket region right now Entry @ 106 ~ 107 is confirmation of reversal . Then it can be ridden till 120 SL @ 96 TP 120
Made this chart simples as I could, so everyone could understand. Few thing happened that are extremely bullish. First, price is above 200 moving average. Second, 20 EMA crossed 40 EMA after 6 months(last time this happened Alibaba went from $66 to $120 in weeks) 3. It formed bullish divergence on RSI. I marked all the details. Pls this is not any financial...
Technical Analysis: - As you can can see in the chart, Alibaba(BABA) is still correcting in short term wave V in red and it must be completed around $43 when we think smart buyers will appear - If the price crosses the invalidation level around $121.30 it means that the correction is over or we can have a bounce in WXY Structure in wave IV which will extend more...
Initial Notes: Didn't trade on Friday, new month begins, SPY confirmed breakout on weekly, and light economic news coming this week. SPY - (FRIDAY) Unfortunately, my SPY prediction for Friday was off. I underestimated the short term strength of the markets as evident by Friday's big green trend day. I'm not afraid to admit I was wrong on my analysis, because...
I like the $BABA base that triggered a huge uptrend signal after news of the company being broken down in child companies for each main division by the govt., which would give investors exposure to potentially larger growth potential in each of them separately, rather than as a conglomerate. I have a small long term position but looking to increase exposure on any...
One year Daily Chart a simple comparison by dividing #BIDU / #BABA The ratio has been kept mostly within 1.20 ~ 1.5+ Daily RSI starts to surpass 60, which potentially starts a bullish move *** in this case, meaning Baidu will potentially starts to outperform Baba for quite sometime) The ratio finally surpass 1.50+ again and has since mark a new High RSI continues...
- BABA is in a falling trend channel in the medium long term. - BABA has broken a resistance level in the short term and given a positive signal for the short-term trading range. - BABA has support at 81 and resistance at 112. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time...
$BABA IH&S, neckline at $120, possible initial rejection (sell in may & go away) then hit $180 breakout target by fall. I took the fractal from the left shoulder and flipped it. I've been doing tons of IH&S patterns, but missed this one, shoutout @JaviCharts on Twitter for pointing this out! We both posted this at the low of the right shoulder at $80 about a week...
Similar price actions from April and July 2022. 1. the price hits wall 2 and drops. Retest to wall 1 and rejected. 2. The price hits wall 2 and drops. Retest to wall 1 and rejected. 3. the price hits wall 2 and drops. This current movement is in the process of testing wall 1, if the history repeats expect of -15% movement towards the gap from last Tuesday.
From First Candle 15/09/2014 - 04/10/2022 Low was 423 weeks. Expected bottom at 08/05/2023 a during of 451 weeks from Origin. 423/451 Variation Vector Magnitude from 28/09/2015 low -26/10/2020 Top = 372.73 units Time distance from 28/09/2015 low - 04/10/2022 Bottom = 369 weeks (-3 weeks) Vector Magnitude from 26/10/2020 Top - 04/10/2022 Bottom = 282 units Price...
Alibaba / Baba price surging up > 10% both in HK & NY markets after news that is going to split its core business to 6 = the beginning of “new era”..How for Malaysian if their local broker not allowed to trade HK or NY stocks? Probably structured warrant is a choice ...p/s structured warrants like stock options is a “leveraged + plus time decay/ expiration date”...
This is Alibaba daily chart. Price currently just below 0.618 Fibonacci retracement level from October low to January high. Possible inverted head and shoulders to consider as well. RSI in the lows. There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a...
- BABA potential Weekly / monthly inverse H&S shaping up - need to form weekly uptrends first - 4h EMA 12 short term uptrend guide.