Baba has broken the Trendline , NYSE:BABA MACD - Making a U-Turn RSI- Gaining strenghth Remember, do trades within your limit. Don't leverage. invest ONLY Max 10% of your portfolio Capital in each Trade with 3-5 trenches Happy Trading.
Alibaba’s downward price probably stalled @ 1) Demand Zone 2) Right shoulder of reverse head & shoulder pattern.
My 1st try in Ideas. China Zero-COVID + BABA double bottom on 60 and go up to 120 return to 90 and to 130 -> 160
Baba Coming back to 100 Stay Profitable do not add to losers be patience HAVE A GOOD WEEKEND !!!
Perfect downtrend channel so far! If it starts breaking out, I'll be going long above 87, no speculation buys yet!
Its possible to hit 160 in next 6 months. SL 83 on a weekly basis.
H&S setup for Alibaba in key zone Great area to start entering slowly with a lot of great areas to have TPs Easy invalidation at next shoulder, and if more risk averse under head. Cheers.
I would like to see the right shoulder form and better action on the shorter time frames. Looks to me like the best bet would be to wait for selling pressure to cool. Do you think it holds the right inverse shoulder? At what point? This is not financial advice or advice of any form. This post is made for entertainment purposes only.
If bulls defend successfully 85 zone I can see another 40% pump. * 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
Hi everyone! The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary...
Support in gray box isnt only valid support. Generally just looking for the next shoulder to form, but this might already be a good entry area. This would be a beautiful HnS and the breakout could take us far. Keep a lookout for where else the shoulder may form, break gray bos and shoulder can still form lower, hard invalidation is if we get new lows below 'head'.
Trade Rationale: BABA is looking great for a 2 to 4 week expiration Options Call swing play. It is currently holding a previous resistance turned support area between $100 and $103. In confluence with this level, BABA has also completed a fibonacci retracement back to the 50% level almost perfectly. It is also holding the 200 ema on the 4H and Daily timeframes...
This is an update from yesterday’s chart, a more bullish falling wedge has been identified. Not investing advice and do your own due diligence!
The falling wedge has played out with an extension and we have now hit support so a short term bounce is likely. We still have a gap to fill and potential support levels to test should we fail to rise above the longer term Inverse H&S bottom for now (this pattern remains valid should we remain above the all time lows during this correction). Ultimately,...
If you haven`t sold BABA when Charlie Munger did: or reentered when it was cheaper than the IPO: Now looking at the BABA Alibaba options chain ahead of earnings , I would buy the $110 strike price Calls with 2023-8-18 expiration date for about $10.20 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. I have...
After an impressive rally, we now have signs of a change of trend here in $BABA. Best of luck! Cheers, Ivan Labrie.
Looking at the H4 chart, my overall bias for ALIBABA is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 92.85, where the overlap support is. Stop loss will be at 84.32, where the previous overlap support is. Take profit will be at 121.28, where the recent high is. Any opinions,...
BABA has formed a beautiful and mature in-spirit-of bull flag. A move should be excepted within the next few trading days.