I think that the pandemic disaster we are in will continue for a long time and there will be a collapse in the markets on a global scale, in this context, I expect a structure in the stock as I stated in the chart.. The pattern I draw in the chart can be seen in many stocks, I think the second wave of sales will be more devastating, we will wait and see..
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With the advent of quarantine, Chinese markets and companies suffered very large losses, which caused a collapse of the economy. The borders of the country were closed and China was not able to release its products outside the country. Namely, export is the main income for China. In this situation, Alibaba’s stock also sank. But at the moment, the borders of China...
I think BABA, being one of the big techs yet to have a good run, will follow it's rising wedge but reject it's upper trend with a "sell off earnings". Then a bounce off the kumo cloud before it breaks to a higher high.
One of the striking things about this earnings season has been the broad strength across technology and e-commerce. Whether you’re looking at Shopify , Twilio or PayPal , one company after another has rallied despite the coronavirus pandemic.
And now one of the biggest names of all, Alibaba, has some interesting patterns as its quarterly numbers...
Don't despair if you did not get into this company at the IPO price.
It might come down a little more for you to buy though not at the IPO price. Put this in your watch list.
I expect BABA to retrace lower and eventually break support of triangle before filling the gap to 191 similarly to what happened on the previously gap fill out of the falling wedge.
I think NYSE:BABA needs to provide much more confirmation before one considers buying this stock .
I can think of these scenarios :
First scenario :Price doesn't go any lower than 192.9 after the opening and price goes up to test the blue resistance line and then closes considerably above the blue line /200 area , in this case I think it's a confirmation to...
Hello traders,
Yesterday´s trade in the CURRENCYCOM:BABA market is the perfect educational content for today´s video!
Channel trading, trend-lines, adjusting zones from the volume profile, and more.
Everything included in the video with real trade description (including SL and PT)!
Parameters of the trade (LONG ALIBABA):
Entry: 196.15
SL: 184.56
PT:...
