Supported by a 50MA trendline sitting at the lower Bollinger Band. If it breaks above c. $86 then could pop upwards
FB is part of F.A.N.G. - FB AAPL NFLX GOOG. This is the nickname Wall Street gave for what they believe as the strongest stocks to come in 2016. These tech stocks with low exposure to the shit that was thrown on Wall Street will thrive in the new year and are hot buys. Heres the big move, dont hesitate. We broke out of a flag and are moving towards a breakout of...
Long if closing above $85.4. Take profit: 110.23 Stop loss: 81.56 Short if closing below $80.9. Take profit: 68.09 Stop loss: 85.40 Pretty nice triangle here looking rather bullish, but I will wait for a break above/below for a riskless entry...
A few possibilities here, depending on which way it breaks out of this potential pennant . The stalling at the top of the smaller pennant tells me that maybe it hasn't tested it's real bottom yet, which would fit well with the pink Gartley. This area has been congested for $BABA all year, so I believe a break, either way, could move fast; especially with Earnings...
BABA 83.71 neutral – Forms a 2-month triangle range BABA has formed a narrowing 2-month triangle under the 86.42 area (November 2, 2015 high), shy of 50% of the 120.00/57.20 entire fall (November 2014 peak/September 2015 low). What is key to bulls is to clear the 86.42 resistance to confirm a bullish triangle breakout and charge ahead towards the 95.06 lower...
Basic TA Notes on charts keep it simple TrendLines and Support/Resistance Areas
Basic TA But remember the market is "Fluid" ;) P.S i should have posted these on 12/14/15 First Attempted Second was an Early Morning alert about 5:AM 12/16/15 -----> twitter.com
Watch for volume to pour in and lift off, now that FOMC is out of the way.
Observing strong resistance around $85.21 level, refusing to break prior highs (some would call a double top). However support from 200DMA at present, and with convergence with 50MA and lower Bollinger band in coming days this could provider even stronger support. Overall, $BABA should break out upwards (above $86.42) or downwards (around $78.50) in the next week or so
Alibaba has an interesting chart, where we can observe many bearish signals, that might be a bit hidden to the untrained eye. To name a few: Yearly MA is trending down and price is below it Price is currently under the most frequent price since day 1. This implies the downside is more probable to begin with. The earnings have increased midly but it's possible...
BABA 79.74 bearish – The 86.42 area near key retracement caps BABA was capped in the 86.42 area (November 2, 2015 high) near 76.4% of the 95.06/57.20 fall. Last week’s downside reversal signals further weakness towards the 75.64 range support (November 9, 2015 low). Below lies the 71.49 retracement level (50% of 57.20/86.42 rise) where bulls may find a foothold....
The bearish gap down was below the all time low. STRONG support for BABA is breaking. If BABA moves below $70.71, HUGE chance it moves lower. If BABA breaks 23.56, I'll be SLIGHTLY more bullish than bearish, expecting some kind of retest on the daily. We did try and trade BABA today bearish - and lost on it. We will see what happens from here! #bracket trade
BABA gapped lower to new lows, opening the 68.00 (IPO price) as the next target. Below there could extend the downtrend towards the 62.80 projection (as shown on the daily chart). The 76.21/76.15 resistance area (prior lows) should cap near-term bounces. Outlook: Short term: bearish Long term: bearish
Exit from even the most conservative channel one can draw. However, earnings on 12 Aug, massive unlock in September warrants a little caution and China volatility are still possible shadows for the long case.
Drawing trendlines is subjective, but still rangebound in my opinion. $83.70 is proving a tough resistance, while $82.00 proving to be some support. But, overall, multiple indicators (incl. MACD, RSI) showing that BABA is ready to head higher - if it can follow through.
BABA recovered strongly from the 76.21 YTD low (July 7, 2015) above an 8-week falling trendline (from May 22, 2015 high) to suggest basing and trigger further gains towards 86.34 (June 23, 2015 high) which is near the 9-month falling wedge resistance (from November 13, 2014 peak). A decisive push through there would confirm a wedge breakout and bolster higher for...