BABA hurt me on that huge gap down but I am willing to take another shot here with a stop below 210. If this trendline break marks the bottom, the stock could head back to the 280 area. FXI has been strong and KWEB so the stock may have some tailwinds. Not sure about the Jack Ma situation but it might not matter.
As the investigation on BABA is still on, the worries is keeping a cap on $baba share price. But technically, BABA is lacking a major pullback to the resistance and this could be a good opportunity to short from .
A lot of News driving this one unfortunately so difficult to guess what could happen, but fundamentally this is probably one of the most undervalued Enterprise companies out there. Right now it's right at the long term rising trend line support and it touched and bounced off of previous resistance now support around 220. Previous two times it bounced back after...
Baba is now at 2018 levels and looks very attractive.
I'll focus only on Ichimoku weekly.
The tenkan and kijun are acting as support for the lagging span.
The price has reached the top of the cloud, which is acting as support.
Not a bad place to enter a long term trade, with a stop loss at the low of the day.
BABA's breakout of the bearish triangle turns out to be fake out, now price is back below the trendline. With EMA also showing more pressure, the general downside trend is not changed !
Cheap or not, BABA is still in a downtrend correction, but trying to form a base. Going back above 266 would be a positive step if you're looking for some signs of reversal.
Alibaba is a solid company. I'm neutral/bullish now.
Trade safe!
$BABA is currently sitting on a volume shelf. A break below, 243 and we could see 200s. However we seem to be coming out of a major downtrend that started in October. A break through that trendline after higher lows and some consolidation over the past few days and we could see that 275 gap fill and possibly a push to 290 to fill the biggest gap of all.
Here i told you about the potential continuation of the selloff:
Now the U.S. House of Representatives has unanimously approved legislation that would allow for the delisting of Chinese companies unless they meet audit standards in the United States!
The...
We finished a clean three wave zigzag which stopped around 123.6% fib extension. There has been lots of call flows into this name for a while and with the news about the China stocks on the board this seems like a risky play. Based on Elliot Wave theory I am long $BABA and keep adding to my position as long as we stay above the 0.786% retracement zone in the...
BABA dips into wave (ii) support level at 38.2% retracement or 263 setting up for a potential move higher targeting the 340-360 range into 2021. Looking to establish some minor longs on BABA with dips into 263 with either Leaps or Longer Term Bullish Vertical.
