Please read latest news here This could be your best Christmas present , haha!!!
Bullish Indications * Making HH and HL but no consistency * Inverted green hammer candlestick * Support = 86 Resistance = 89 Bearish Indications * Three red soldiers * Support = 86 Resistance = 89 * Double top chart pattern : Neck line = 86 Bias = Short Plan Entry @ 85.95 TP @ 84 SL @ 89
I will wait for a few more days , assess the bullish candles before adding more....
Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend...
BABA has been making a long downchannel which has to be broken to be really bullish. First it must hold the current 83 FIB level, then BO the downchannel at around 95. After that BABA will still face a big resistance zone at the 110 to 130 range. There will be a lot of sellers here which the new buyers must be willing to absorb in order for the price to go above...
Short term range 105-118 big resistance $115/135 may be boring before breaking support and resistance
Alibaba had a V-shaped rebound on 15th March 2022 and has pushed Alibaba back into the HK$100.00 psychological level. Despite a consolidation from 23rd March - 1st April, the stock forms a bullish pattern with a bullish morning star pattern, indicating further bullish upside. Combining the v-shaped bottom and the pennant, it can be interpreted as a bullish cup and...
according to my analysis there is a high probability to go up
9988 Key levels, Analysis & Targets Time frame D1 Bullish Divergences in MACD & RSI Indicator
i always thinking of buying something worth and good and cheap and now , alibaba is the one that we are looking for if you skip this opportunity, i am not sure when you can able to get this again... alibaba below 140 , just like i can buy rolex in half price discount... wtf.... why not?
So, Alibaba missed its earnings and profits ? It's one day revenue on Singles day already raked in US$84.54 billion compared to its 31.4 billion revenue for the quarter. Combine Black Friday and Cyber Monday, Amazon's sales pale in comparison with Alibaba. Not forgetting, it's cloud computing business is growing leaps and bounds, 33% to be exact YOY to 20...
After an upward retracement after the end of June decline we are seeing now a renewed attempt to get higher again. I can imagine a success due to the new political approach of the Chinese leadership towards Ali Baba. Ma is appearing in the public again and Ali Baba is shifting its activities more towards semiconductors now instead of becoming an integrated...
50% retracement & resistance was hard to break Island Reversal has previously been effective and stocks has lead China tech complex $HSITECH $HSTI
Yesterday, the 2nd day of CNY and we were celebrating with our friends here in SG. Around evening, we ordered food online but they failed to deliver the food to my friend's place. We contacted the HQ and they said after trying to reach the driver several times, they had no choice but to refund us the money. But the app said food has been picked up and DELIVERED...
Hello everyone. After days of bleeding, finally Chinese stocks started a rally today after being hit by tightened regulation in China. To map out the possible future move, I put Hang Seng index and the big familiar tech names, e.g. Tencent, BABA and Meituan on the same chart. The analysis is carried out on the daily timeframe. Hang Seng Index: Lower low...
It appears that we are going to retest strong resistance.
HKEX:9988 It looks like reaching 191.8, next stop 186.7 and 172.4. Who knows which level will rebound? Add while it is low. US side trend shows it reaching bottom support for a great rebound. Invest at your own risk.
After all the apocalypses they experienced since last year, It seem china BABA, gaining momentum soon. What's your take?