No changes to my analysis from last week. Price is on a downtrend. Price has played according to my analysis from last week. Price is unable to close above 124.11, took liquidity and went down to take out the sell-side liquidity. I'm expecting price to hit the bullish POI at 90.17 before we see any retracement to the upside.
Alibaba $BABA is a Chinese E-commerce platform that flourished during COVID but is now struggling due to currency exchange, supply chain, and lockdowns in China. Bearish technicals show a bear flag with price right at the breakdown levels here. Downside levels are 94, 92, 89, 84. Stop loss 105. OptionsSwing Analyst Daniel Betancourt
After gapping down on July 11 we see a steady down trend. Price recently closed under the (weekly) trend line and the .23 Fibonacci level. On balance volume confirms the down trend, as does the Force Index. I am looking for a bounce off the 0 fib level or $94 which has acted as support on the monthly time frame. I will consider adding to a long term position...
Chart request for @RocketFuel20, BABA has a chart where a pitchfork is useful and can see how the trend accelerated to the downside into SC Selling Climax - falling through the lower warning lines. It also hit the 1:1 fib at the low. Since then BABA looks corrective but it may go on rallies once it gets above AR resistance. Bullish divergence coming in on...
China is number one, huh? Are you really afraid of communistic party going mad and destroying everything they've earned with hard work last 20 years? They already spread covid and use their russian doll to harm West and that will be enough for them to continue going forward and building more trading routes in South America, Africa and Asia. China is here to stay...
Alibaba broke out of a year long descending channel, is this a breath of new air in the Chinese tech giant? An end of a downtrend is confirmed by a break of the declining trendline, we'll wait for a new HH to be created then we can be confident in this move.
Hello. As we can see on the graph, we are in a downtrend and we will not go against this trend. This downward continuity cannot be done if and only if the vwap indicator and the support line are forcefully broken by a large red candle and also accompanied by a large red volume. On the other hand, we could have a trend reversal (uptrend) if and only if the...
Price is on a downtrend. Price has played according to my analysis from last week. Price is unable to close above 124.11, took liquidity and went down to take out the sell-side liquidity. I'm expecting price to hit the bullish POI at 90.17 before we see any retracement to the upside.
Worst looks to be over for BABA after hitting a low on 15 March and then went on to form an Adam and Eve (A&E) reversal pattern. It broke above the A&E neckline 2 days ago. While the breakup volume wasn't impressive, it is however now above the 200 day moving average, which gave it credibility to likely continue in a slow path to recovery. (could chop sideways...
BABA has made a strong reversal Broadening Wedge I see this reversal continuing, letting price hit the middle dotted trend line and then forming a nice support above 0.5 Very cheap buy the dip scenario
Price is on an uptrend. Price took liquidity and stop hunted the highs at 124.11. Price is unable to close higher. Price has been building sell-side liquidity on its way up. Expect price to retrace down to bullish POI.
Not to long entry level. BABA broke out of an almost chronic channel down, sometimes known as a regression channel. Giant H&S pattern at the very top which seems to be many moons ago. The 200 DMA continues to slope down, but the 20 crossed up through the 50 and the 50 looks to be trying to cross up through the 100. Appears to be forming a cup and handle with a...
BABA looks prime for a climb, waiting on elevated volume to confirm NYSE:BABA
Really like the way Alibaba is bottoming here. Not only have we broken the steep downtrend which has held price down for the last year, but we have broken horizontal resistance at $120 while holding above a new daily uptrend line. Today is the first break above the 200dma since Feb 2021, which is another encouraging sign. Should we hold this breakout above $120 on...
Sitting on this volume shelf around120 could trigger a move towards 155+, rejection could send us back 100ish
Nearing the D 200MA. It needs to break through and hold and I'm going to be adding to my positions. It got close 4 times in past couple of weeks.
Bullish Fundamental - Inflation Macro environment / fear sentiment - Funds Accumulation - Positive PE - Negative PEG ( seems leaning towards a value stock ) - Positive P/FCF - Weak Sector / Industry / not Leader - Very competitive online retail market Technical - Momentum Theory Indicator - break out downtrend / bottomed out - Price action...