$BABA on 1hr Gap fill to downside How many gap fills can $Baba have? The world will never know. If you get that joke. Like this. lol <3 What are your thoughts? Thanks, Kelly
Filled downside gap in a hurry, another gap up held for 2 days. Some brewing rumors hitting wires "China to impose compulsory measures on a person with surname of Ma" per Chinese media. I think this retests a vwap ($108.41 to be exact) and an obvious place of resistance and sellers. Depending on global macros this could change quickly obviously. Looking for...
$BABA on 1hr Gap Fill to Downside Earnings May 6th. What are your thoughts? Thanks, Kelly
If you haven`t sold on growth concerns: Then you should know that after averaging down multiple times, Daily Journal Corp, where investor Charlie Munger served as chairman until very recently, cut its stake by roughly 50%. My expectation is to see a double bottom in BABA this year.
market is now selling pressure ,, what news carrying market caused of selling like this from the top ,, lets see
The Price Target for BABA Alibaba is $135. All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth! Traders are expecting the Chinese government would support the stock market like the FED did in the US.
BABA almost touched my $98 price target from this post: My forecast is a reversal to $116 level before dropping to the 2016 area of $86. You can spot the bearish trendline in the chart. Looking forward to read your opinion about BABA.
If you haven`t sold BABA here, when i warned you about the additional American depositary share registration in the U.S. that was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake. Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake. Then you should know...
Alibaba - Short Term - We look to Sell a break of 109.62 (stop at 117.14) A break of 110.00 is needed to confirm follow through negative momentum. Closed below the 20-day EMA. The trend of lower highs is located at 128.00. Our overall sentiment remains bearish looking for lower levels. The primary trend remains bearish. Our profit targets will be 89.94 and...
Additional American depositary share registration in the U.S. was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake. Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake, The can drop to the $109 support, if not even lower. Looking forward to read your...
If Ali Baba goes down 130$ it can easily crash to 100$ than 87$ and than 60$ just hope is dont goes below 130$ because than its in free fall with no end in see
BABA has been beaten up to death punishing long term investors. Regardless of the noise, a wolfe wave pattern has been identified on the 2D time-frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is...
BABA looks to be in real trouble here and most likely will land around $84 long term to finish the massive H&S pattern
Hello everyone! If you are still in Sell from my previous analysis : Here are some tips: - close 50% of the trade and leave the other 50% in the market - the other 50% position that you let in the market secure it and go with TP for price 130. If you are not in Sell at this moment wait for price to return at 170, look for big Sell Volumes and a candle pattern...
Hello everyone! We can see that the big trend (uptrend) is no more the important trend. We have a Double Top or Triple Top with a small triple wave and New trend (down trend). Normally we expect a retracement as the last peak, 100% of the movement of the pattern is at the biggest support! Enjoy it!
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...
There's a big support sitting at $232. I would trim some profits now and let the rest ride.
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.