ALIBABA GROUP HOLDING LTD SPON ADS EACH REP ONE ORD SHS NYSE:​BABA

BABA is approaching its resistance at 167.32 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse to its support at 150.41. Stochastic is also approaching resistance at where a reversal could occur.

expecting a bounce on the lower level if we get there... not sure how far up we go.

Alibaba is in the process of forming a very nice Head and Shoulders. Break of the neckline at 166.50 would target 158, the confluence of measured move and channel as well as a few moving averages on different timeframes. Very symmetric H&S with volume on the left shoulder and blowoff candle and divergence on the head. Nice!

sell the stock if the price hold on 172 level and buy if from 120 / 115 level

BABA looks setup to test 173-174

BABA SELL TP_131.28_21.35%_35.63pips_SL_174.21_4.37%_7.30pips

alibaba is in a sell channel .. lets see,, t.me

NYSE:BABA- Have seen 20MA just crosses above 100MA and sloping upwards, showing signs that the short term is already bullish, and is also on track for a bearish reversal. Yesterday have closed above a key resistance level of 166.00 with high volume as well. Thus, more upside are expected to a potential target of 184.00.

BABA Support and Resistance

If BABA cross the target @164 and we get a pull back up and reversal. we will see a good opportunity for options

Good short this week in my opinion.

above 167.06 we fly to 171-175 area

short setup

in corrective stage now

STRONG RESISTANCE

Been put shares of BABA twice at 145 and called away at 155 each time. Why not try it a third time....

I bought put options for BABA and expect 157-152 range.

Over the past few days, we've seen buyers managing to push past key resistance level at 170 with price also breaking the 200 MA indicating potential further upside in the long term. Hence some targets were drawn with first target at 180 then to 192. Trend indicators looking good too...