Ticker Symbol: BABA
️Timeframe: 4HR
️BREAK OF TREND (STILL WAITNG FOR GREEN LINE CONFIRMATION)
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
MONEY MOVEMENT SHIFTING UP AND GREEN RED DOT: BULLISH
ONCE THE TREND IS BROKEN, WE COULD SEE THIS MOVING HIGHER TO 100 LEVELS.
NOTE: KEEP IN MIND, MARKET IS IN SELL-OFF MODE.
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Alibaba has been sliding for more than a year, and trend followers may see reasons to expect more downside.
The main pattern on this daily chart of the Chinese e-commerce giant is the series of lower highs since July 8. BABA has managed to hold support around $88 this month. The result could be a descending triangle, a potential sign of bearish...
Looking for a move up or down on baba, the short float has been nearly cut in half and impressive range for bigger buyers to buy in... Hopefully their some good news with tik tok and baba that we can see the upside in this stock we've been looking for.
Alibaba
Short Term
We look to Sell at 87.83 (stop at 92.37)
We look to set shorts in the early trade. The medium term bias remains bearish. Short term bearish momentum has stalled. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Our profit targets will be 78.05 and 73.21
Resistance:...
China stocks have been unpredictable for a while now.
This does line up with an ABC Bullish pattern.
Stop under C.
Target is D.
This is not to long entry level (EL)
Low today was 88.52, so price came close to C but did not break C.
3 candle tails/shadows and 1 candle touch to this level.
No recommendation.
Price is playing out as analyzed last week. Price is currently mitigating the bullish POI at 90.17 again after failing to make a higher high. Right now, I'm expecting price to take out the lows at 88.00 and possibly fill the fair value gap at 86.73.
On H4, with the price moving within the descending channel and below MA, we have a bearish bias that the price may drop from the sell entry at 88.18, which is in line with the 78.6% fibonacci retracement and previous swing low to the take profit at 79.25, which is in line with the swing low and 61.8% fibonacci projection. Alternatively, the price may rise to the...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Entry: $90
Take profit: $180
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Hitting up a LONG swing on baba. Stops below 88.60. This as long as it holds support could turn around here headed back up to the triangle resitamce of 120$. Seems to have multiple weekly candles acting as support. Only a matter of time before the bulls can gain control which can easily flip this into a W pattern within the triangle.
Just my idea and I am...
The Last time BABA touch MA200 was in 22 Feb 2021. Since then, BABA has been trending downwards below MA200 line, struggling to even surpass the ichimoku cloud and the downwards channel
Some Positive Signs of Reversal
-break above parallel channel
-Candlestick interact with MA 200
-Candlestick went above ichimoku cloud during june-july 2022
-Higher high(HH)...
A brief intro to PA - examples using this D chart of BABA.
See chart for notes and resources to learn more. Hope this helps some struggling traders that have 100 indicators and have no idea why trades fail etc. We have all been there. That next magic $300 indicator is really NOT the holy grail to fix all your woes. But RAW charts and PA just MAY BE the right...
Price has been consolidating in this bullish POI at 90.17. Nothing has changed. I'm expecting price to take the lows at 88.0 before see an up move to take out the buy-side liquidity at 107.16.
The PEAD projected a Bullish outlook for $BABA after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Alibaba is in a descending triangle pattern. We expect that after the breakout the price will increase.
Entry level, Stop loss and Target price in the chart.
