This guy has a long way to go - even if it trades sideways at this rate it wouldn't break the down trend until late April...could be a good guess as it seems to have some support on it's last big vol shelf. No position. NYSE:BABA
Keltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the...
IN this update we review the price action in Alibaba and identify the next high probability trading pattern and price objectives to target
gains on this were amazing last week, congrats to my longs! now I'm watching carefully for a break past resistance zones, once 134 can break expect months of straight green here! this one is on the top of my watchlist 😉
*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* We've been here before. My team isn't expecting to lose this trade, but if...
Nice gap play opportunity. Nice and strong support at 108.30 / 107.80 . If we lose that support, there is a change price will accelerate to the downside to fill this gap towards 104.42
#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103. #TradeIdeas #Watchlist #TechnicalAnalysis
I am not a fanatic of BABA and to be honest, I was waiting for it for around 60$, but this last next week BABA has shown strength in one of the worst times ever for the markets when usually this stock down performs always NDX. This last week BABA broke the channel that it has been into since historical maximums. Not only that, but the price was minting and has...
Things for Chinese stocks appear to be improving following the approval of Chinese companies to the US Securities and Exchange Commission. The truth is that the Chinese stocks were under a lot of pressure and that they were quite undervalued. On the other hand, they were paying for the country's risk. It seems that the page is currently turning in their downward...
$BABA's technical strength is improving in the weekly chart. Some of the key things to look at: Improving relative strength to SPX. It started falling in-line with SPX several weeks back (horizonal RS line) and has been outperforming SPX in the 70 trading sessions (upward slope RS line). Breaking out of a descending parallel channel. Breaking its weekly...
On the H4, with prices moving above the ichimoku indicator and price breakout from descending trendline, we have a bullish bias that price will rise from our buy entry at 108.94 where the horizontal pullback support is to our take profit at 128.03 in line with the swing high resistance, 100% fibonacci projection and 78.6% fibonacci retracement. Alternatively,...
One of the biggest fall that ALIBABA has experienced is the recent one which is about 500 days+ and over 70% the market has chased. There are few support lines left which can be a golden chance to buy if the project turns to blockchain technology. Please like share and comment
the market will increase so we buy the market,if it fall under the support we get out from the market.
Alibaba Short Term - We look to Buy at 102.52 (stop at 92.78) Dip buying offers good risk/reward. Trading volume is increasing. Previous support located at 100.00. Trading close to the psychological 100.00 level. Our profit targets will be 138.58 and 164.00 Resistance: 120.00 / 138.50 / 180.00 Support: 100.00 / 83.00 / 73.51 Disclaimer – Saxo Bank...
Looks like Baba broke the long term downtrend line yesterday. Here is my simple trading idea base on simple indicatiors (Moving average (MA) + Support/resistance level + William %R). This is applicable if you are a long term investor, looking to average down your holding. Potential buy = Near support + Wiliam %R below -80% (+ BONUS if touches any MA;...
Alibaba downtrend finally broken. After 19 months( yes 19 MONTHS) Alibaba finally managed to break that downtrend. Pay attention to yellow line. I expect to see $140 very soon.
*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* Recap: On 5/19/22 my team purchased shares of Chinese online and mobile...
The bottom formation is confirmed with rising Accumulation/Distribution and a nice, controlled base at the low. This is evidence of a Dark Pool Buy Zone, aka accumulation zone, where bargain hunting has occurred. But a bottom formation is a sideways pattern first, before it becomes a sustained uptrend. Resistance overhead is strong, so swing traders should be...