BABA had a nice clean break through a descending wedge. Support zone indicates where price momentarily reached and recovered. Yellow Weekly support line indicates a strong support on a weekly time frame. Small upside is possible.
If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. Could Alibaba be returning to its glory? Although Alibaba (NYSE:BABA) reported decent earnings last month, the stock failed to...
NYSE:BABA Painful? ✅ Getting impatient? ✅ Getting worried? ✅ But what if?
NYSE:BABA is currently trading within a descending wedge pattern and fluctuating within a trading range of $72 to $78. The critical support area lies between $72 to $70, and a breach below this level could potentially cause the stock to decline to the $63 area. Conversely, if the stock manages to break out of the descending wedge by surpassing the $80...
On the weekly timeframe we have a sideways market. The current buyer vector is 5-6.
Lots of accumulation on a strong support line from 2015 and almost meets the conditions for a perfect harmonic bat pattern.
1/Still no "Touch down"@ support lines RSI & Price "Green lines) 2/@(-68%) only 2ed to July 2015@(-73%) 3/+45% after W get a trough, if we do not have it already.! 4/This analysis is basically wrong -Ever probable, applicable & else absolute
Nothing to add here, we have a probability of a 9% Bullish move coming soon. Using one strategy is very dangerous thing to do.!
Alibaba could have a double bottom formation soon. The stock is in oversold territory and the volume has reset immensely. Michael Burry has been buying BABA in recent months as well. Worth checking this trade out.
Alibaba's AliExpress ( NYSE:BABA ) finds itself in the crosshairs of a European Commission probe following allegations of disseminating potentially illegal and pornographic materials. This investigation, conducted under the EU's Digital Services Act (DSA), marks the third such inquiry into tech platforms, signaling a heightened regulatory focus on online content...
NYSE:BABA Alibaba has the potential to break out above the neckline area, which is currently at $78. It has already surpassed the POC (Point of Control) resistance and is now moving towards the neckline once again. The targets mentioned in the Feb 9th post remain unchanged. 🚀🚀🚀🚀🚀💰💰💰
shooting for a gap up in the morning into the box for a run at the first target. gap down and going short to the top of the box below. 4am will tell
A diamond pattern is formed on the Alibaba weekly chart. Diamonds get formed at times of trend reversal. Breakout from the diamond pattern will bring momentum to the stock. There are signs that the down channel is also getting broken. A trade can be taken now with a stop loss at 70.87. Possible upside targets are T1: 169, T2: 232 and T3: 334.
On Thursday we've exceeded the over 2 months old trading range, made a little correction and opened a win dow today. For me this are clear signs of a beginning rise . As we had built a broad bottom after a steep fall that had lasted for over 2 years there is a potential for some bigger rise.
Currently below resistance zone/100 SMA resistance, Daily close over 78.78 and rally to 88.11-95.26 should come pretty quick.. boost and follow for more! 😶🌫️
BABA on the weekly chart looks like it is forming a massive bullish falling wedge pattern. BABA's positive divergences indicate it could soon be able to break the upper trend line of the pattern and start it several-week bullish move. But please remember buy opportunity starts with breaking out of the pattern not when we like it or feel it!!! Because it could...
Long on ENPH looking for an open above current daily PotterBox. An open above there, we should hit the trend channel and head back down. If we don't have the strength needed, I'll look short as we have plenty of empty space below AND today was a day where it looks like the market showed a bit of a bearish-ness.
No need to overcomplicate things here. Low to high can be counted as an impulse, so there's a clear invalidation point, which is the absolute low. As long as that holds, the direction is up.