Volumes are five times greater than US and I think is useful to follow stock on HK market
Price cannot pass channeldown and long term trendline and this is a very bad signa
I think price will now drop to 64
Hi, everyone, As you can see in the chart, Alibaba's stock has formed a beautiful triangle pattern after a prolonged correction in both price and time. With the divergence observed on the MACD and RSI in the weekly chart, I believe that we can expect higher numbers in the near future. The first target is $121, and the second target is $131.can monitor the trade...
It seems like BABA bottom was defined @ 66
It is now slowly and steadily recovering but I wont call it a reversal until it hits the FIB golden pocket at 90+
Once it hits that target then an entry can be made to ride the wave to recovery
At the moment its still in bear trending channel so better to stay away until it hits 90
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at OTC:BABAF ...
I believe this code is at a point of potential volatility.
If price can hold above $9.65 ... Bullish potential may be unlocked.
My key upside targets include:
- $11.06 (Conservative)
- $12.89 (Medium)
- $14.98 (Aggressive)
...
Bought some LEAPS in BABA based on founder sentiment and price action. Hoping for a little more selling off so that I can pickup more contracts around the $60 range.
BABA
I see a lot of confidence here
1. Head and shoulders pattern on daily, 3h.(one of my favorite pattern)
2. Risk reward to the upside, we really needs to stay and hold above 75.50, 78 and after BABA can see 88 then 90 very quick, I never use stop loss but my mental stop loss will be 70 per stock.
3. Possible chineese market find the bottom, and its great global...
I´m expecting a rejection at 73,80 what will leads to strong momentum and reaching the target in this week. It is possible to trade this idea in the two ways.
1. Aggressive = with smaller size you will enter just after the US market open and you will close your trade if any 4H will close below the SL zone.
2. Conservative = with a bigger size you will enter...
With price having pull-backed to extreme lows, it seems BABA has the chance to make its nearby future reversal. It's important to watch BABA as it nears $62, having a strong historical resistance to that point. Hoping retirement money comes early for us all.
Chinese tech titan Jack Ma had been having it rough ever since his criticism of Beijing triggered a backlash on his companies and wealth but a recent development may change the tide.
On Friday, China's central bank announced a fine of 7.12 billion yuan, or $985 million, for Ant Group the fintech giant co-founded by Ma that operates the Alipay payments app...
Greetings,
Last time i wrote about Alibaba was 2024-01-30 and i just read something about a WSB 'investor" betting big on higher prices for this stock. Boi.
I mean. Does anyone seriously look at this chart and think? G, this looks like it found a bottom and is ready to go back to the moon. If you do so, enlighten me with your thoughts in the comments.
This stock...
2023 stood out as a great year for global stocks, unleashing strong rallies across the U.S., Europe, Japan, and India. Yet, the same sentiment wasn’t felt in China. In fact, Chinese and Hong Kong stocks ended 2023 as the world’s worst-performing equity markets.
While this bad performance can be blamed on the various issues with China’s economy, such as the real...
I find Alibaba to be a strange company. Despite having similar revenues to Facebook Meta, the latter is valued at ten times more.
This raises the question of whether Alibaba is intentionally keeping its valuation low. Nevertheless, they are still worth investing a bit.
NYSE:BABA Looks like we may have a proper inverse head and shoulder with a neckline at $78. The right shoulder is yet to complete. Anything can happen.
As I said in my Feb 7 post, $70 support is critical.
Upside Targets:
$78
$84
$88
Downside risk:
$63
