NYSE:BABA $BABA broke a half-year downtrend. Currently, only go up.
Alibaba got hit hard this year, but now seems to show some signs of a possible HTF reversal. Currently breaking out of a beartrendline that has been rejecting price for over 6 months now. RSI creeping past 50 and i'm feeling kinda bullish for $BABA.
Macro Reasons -China has a population of 1.3billion VS US's 0.33 Billion, about 4x more -Rising Chinese middle class with a growing disposable income -It is estimated that China's GDP is set to overtake the US in 5-8 years Fundamentals Reasons -With 56% of the e-commerce market share in China and a growing e-commerce pie, Alibaba is poised for greater growth...
I have noticed a lot of bullish sweeps lately trying to guess the bottom here. There is a descending wedge forming on the weekly chart that has become an issue if it continues to drop under the buy zone that I have set below. My buy zone is based on the retracement level that coincides with the highs in 2018. As these sweeps kept coming in, the 2022 LEAPS caught...
Baba is at a Great support from previous resistance and 200 Moving average as well. Descending Triangle Has an amazing R/R.
TICKER CODE: BABA Company Name: Alibaba Group Holding Limited Industry: Consumer Cyclical | Internet Retail | China Position Proposed: BUY Technical Analysis 1. Falling Wedge Pattern (Potentially Completed) 2. Ranging in Channel 3. Area of Confluence with Trendline and Horizontal Support (Key Level) 4. Fibonacci Retracement at 0.786 is at key market...
BABA's choppy road to $400 continues. IMO it is time to accumulate it for the long term hold.
NYSE:BABA Short Below 236.60 area with first price target at the support line. This is a GAP play, but ER is right around the corner so be very careful. We are also in this this pennant/wedge and if we break above this wedge, we could see a bullish trend continuation and a possible ER Run.
Gday Guys... Let's check again this pair. Kindly, refer to my previous projection 22 March 2020. As expected, this pair moving based on previous analysis. And today am expecting positive movement of this pair. Which is continue higher which is it's was in the minor Demand Zone. As i didn't read much with this company news, but based on the human behavior and...
+ Very Bullish pre & post covid, even more so post pandemic as an increase in online businesses and sales as a result of distancing etc + Regulatory fine may create opportunity for a long term entry - Slightly unknown consequences from stricter Chinese regulation , how will future regs impact price - Incoming Fines effect on stock price.
See chart for setup. And as always... Your stock indicies are your friends. Follow them to help you assess the true sentiment of the market If they sell off then this voids the chart setup. The best to follow are: US30 SPX500USD NAS100USD
Alibaba (BABA),D1: Support line + Mirror level + Hammer + Bollinger bands + Discount You need to buy when company is feeling bad, when everyone else is afraid to buy, because when company will be feeling good, it's will be already expensive.
BABA is about to break above the upside confirmation, and more upside could be seen from there!
Baba looks prime for a breakout, with a double bottom on the 65, and an inverted head and shoulders forming. I'll be picking up a starter entry of 3/19 $300 calls More when i see confirmation #flextradinggroup
BABA really obeyed the channel on its descent and when it bounced it immediately began retracing its journey from its nadir. Hard to say what confluence of fundamental events surrounding Jack Ma and ANT IPO and Chinese regulation really did the dent in the price action, but BABA was more or less overbought on the 1hr timeframe according to the RSI in October....
A clear breakout from descending trendline confirms the upside ! More upside but try to get a good entry point!