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.
BABA has been trading very true to its technicals the past few months and I am willing to trade it again. The chart says it all! Good luck.
DESCRIPTION: In the chart above I have provided a detailed MACRO analysis of AAPL laid out in its MASSIVE MONTHLY CHANNEL of 180 - 123.75 that has been held since DECEMBER 2020. Out of 8 massive US market movers AAPL was the only one to hold a positive position at market close on Feb 3. IMPORTANT LIST OF US MARKET MOVERS: AAPLE, COSTCO, NVIDIA, FACEBOOK,...
The previous several years have been petty tough for e-commerce giant Alibaba Group, to say the least. After peaking amid the coronavirus pandemic, the company lost nearly 80% of its value over the next two years. Since then, the company has rallied, up 78% from its October 2022 low, but still a far cry from the levels that preceded the COVID-19...
Amazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the...
BABA appears to be in an expanding diagonal on the HTF. Would expect the 5th to start after 1 more dip to bring the bears back only to slaughter them later.
I'm Still bullish on $BABA and the rest of the Chinese stocks. We're above the 2022 POC level and that is all good news. I'm keeping for a while my Chinese papers. Cheers!
Good setup for a short. Equity reached highs of the last run and starting to stumble while market ripping and showing some reversial potential here. Also not surprising is that it was one of the leaders in the up move and now is signalling where the market may go next. Red line SL, green lines TP 1, and 2, respectively. GL
BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140 We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA We also see a massive spike in the ADX implying a very strong...
Major resistance in another China ETF....Tagging Multi year Pivots going all the way back to 2011.
China stocks have outperformed over the last few months. A major ETF is running into resistance which likely means we could see money rotate out of China. Profit taking is likely especially if the DXY catches a technical bounce.
Market Conditions: - bullish trend - consolidation around the resistance - bullish sentiment in the market Key Level and Lines: - $120.30 resistance Trading Ideas: - go long after a consolidation below the resistance - go short if the market gives a false breakout signal.
Billionaire Ryan Cohen is reported to have built a huge stake in Alibaba which worth hundreds of millions of dollars and now pushing for the share buybacks. Alibaba Group on the other hand had spent $18 billion repurchasing its own shares in the third quarter of 2022 and was aiming to buy back $40 billion worth of shares in total, with the plan lasting until May...
This puppy is MOVING and I like it!!! :-) :-) I am in shares, been in them for a while. Bought some more sub $70 and feeling good about it. Only 3 weeks to expiration. I don't get a FULL 1%, but is' $20 higher , it's over earnings and BABA is pretty extended. I wouldn't mind getting called away here anyway, cuz I'm confident I could buy back cheaper.
In my personal opinion I am very Bullish in NYSE:BABA stock for many reasons The Main reason is the financial Numbers are very good and it is considered one of the cheapest stocks in the World now So it is a good chance to buy more shares with such low price In TA view it has already broke out the Parallel Down trend channel on an Important Support zone On...
Adding to my previous idea- I think these targets might line a bit better.
BABA stock has been in a long-term downtrend. We're expecting the price to continue droping as it looks like it got rejected from the downsloping resistance line on the weekly timeframe. What we can see on the chart is a pattern called a falling wedge. Most likely the price will revisit $60 or lower but eventually we expect the breakout in Q2 or Q3 2023. How...