I am watching price very closely this looks bullish lots of liquidity on the upside i will keep everyone posted on entry points this would be a $15 or so move to the upside this has shown a market shit in trend
Hi Guys. As always, heres a macro chart setup i've found to be a MUST WATCH, at the very least if not a potential long. Analysis done on 1 week, indicating a macro analysis. Alibaba (BABA), at current prices is roughly 75% from its blow off top in 2020. Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance...
NYSE:BABA Alibaba is trading above 200DMA and broke out of the year long descending wedge with the measured move of $104. It is about to hit the next volume resistance area around $83 area. With RSI entering overbought territory does it still have a momentum to keep going? That depends on May 14 ER.
On the weekly timeframe we have a sideways market. The current buyer vector is 5-6.
BABA broke out the diagonal trendline, closed nicely above 200SMA and volume is also great. Next stops 87, 90, 92 unless it's another fakeout. BABA had many of them in the past. Also we have earnings coming up on the 5/ 14. Undervalued company, sadly we're dealing with Chinese government thus it makes the investment a bit more complicated.
Baba has been hovering sideway since DEC 2023 Last 2 weeks triggers 2 Slow Turtle Buy signals. This time, the signal appears above EMAs which indicating Bullish. 20x50 EMA Golden Cross also detected indicating Uptrend (Notice that price structure starting to form Higher Low and Higher High). MCDX Retailer is now 0% insignificant seller while Banker Spike...
the illustration shows a sharp upward movement fast
BABA has been moving bullish lately and is looking to fill a gap zone. Look for price to move fast through this area.
I mostly trade cryptocurrencies, that doesn't mean I'm not interested in the real thing. It's been hit pretty hard by the recession, but it's still running and still around. The death of Alibaba would be laughable. The strategy I created brought out point C, which opens up a big turn for it. This will not be my last stock analysis to share with you. PS Don't...
BABA has broken its negative trend, reclaimed its 200-day moving average and done so on higher volume. Add to that a long bottoming base formation and we have the technical considerations taken care of. Trade war tensions are easing, while other regional conflicts are good for e-commerce, albeit not for logistics. BABA is at an inflection point and I believe the...
Hello traders and investors! Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario. The price has increased by 13%, with the maximum...
My plan here is very clear and labeled. This is a strong turning point for china as the US markets are starting to roll over, this can be a great opportunity for china stocks to rocket and Biden trying to limit our ability to purchase them.
Is the bottom in? 😱 Alibaba breakout! NYSE:BABA We have pointed out upside price targets. It seems the bottom is in. Are you buying?
Expect market to incline 1.3% to TP2 on market making higher highs. expect (-0.4%/-0.6%) after +1.2% to $82.25 Expect market to deviate from incline maybe stagnate @ round 0.70% or so but continue to incline in not after short decline.
Is BABA's time here? It just closed over weekly downtrend
Alibaba is showing a Rounding Bottom Formation which is Bullish. Often called a Smiley Face and has a 66% potential to the Upside. A Frowny Face or Rounding Top is the Opposite with a 66% chance to the Downside. This is a Longer Term Study. Often Conviction and Patience along with Market Sentiment trend knowledge is required with careful timing to gain maximum...
Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week! Fundamentally, Alibaba holds substantial potential, and...
Alibaba hitting channel resistance and attempting to breakout - might retrace slightly short term