The price has lost almost 2/3 of its value since its peak and is now trying to form a base at support ! I will be happy to buy around 110 but would also buy on a clear break of the down trend line ! Just my opinion :)
Alibaba has reached this crazy low trendline. Crazy things are happening worldwide, and the rest of the developing world is basically in a recession already so where this goes from here is anyone's guess. However, in the risk reward game, I like it. May play the swing bounce if I can.
This is not a recommendation to buy or sell anything. It is for informational...
Hello guys! BABA is already going, there is a retest at around 100.00 which gives us the opportunity to join the short gang! I think it going to 80.00. Sell range 100 to 80. Enjoy!!!
baba dead.
confirmed wave 3 impulse going down
impulse down means a larger correction is at play
this is my projection going forward
not sure how long it'll take to play out, but this downward channel has held confluence quite nicely for the duration of this dip ~
wave A target = $109
wave B target = $187~$212
wave C target = $70~$80
once this correction is...
Entry: 103-105
Stop loss: closing below 100
Reward/Risk: 3
Target range: 120
Time Frame: 2-4 wks
Possible gain: 15%
Possible loss: 5%
Position size: 5 % of trading capital
You can see the most important support(green line) and resistance (red line) levels.
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified...
I can see BABA hitting the 1.618 zigzag correction ( wave C ) by the 2nd quarter next year by the latest, Dec 2021 if it's incredibly aggressive.
watch for reactions at the blue lines
May have a nice rebound/pause/consolidation at $130
Major Pattern: Descending Triangle
But the target has been achieved, so the current pattern has probability of continuation as much as inversion
However, the pattern in formation would seem an head and shoulders inverted continuation
BABA almost touched my $98 price target from this post:
My forecast is a reversal to $116 level before dropping to the 2016 area of $86.
You can spot the bearish trendline in the chart.
Looking forward to read your opinion about BABA.
Clear head & shoulder formation for Baba that has broken through a support of approximately 110 and will likely drop to 86. Additionally is to consider falling volume.
Dear subscribers, lets come together to discuss another quite interesting company... Alibaba! NYSE:BABA
The Alibaba Group is one of the largest Internet companies in the world, and has become enormously powerful in its home country in the recent years. Some analysts and well-known personalities went so far as to consider Alibaba systemically important for the...
Based on wyckoff accumulation pattern I believe BABA is at Phase C where a sharper price fall will provide a final shakeout of weak hands before providing the spring to reversal.
HKEX has finally reached down to long term support.
Purple line has provided support since the 1990s
A closer look at weekly chart -- will support hold?
Broke out of symetrical triangle. Came back to backtest and is actually finding a bottom here currently basing on 106.90. Keep stops tight below 106.70 this could
Be worthy setup here. I’m long to try this idea
