we will confirm the reversal of our longe bearish momentum , if we broke our defending line and close above , near the 150$, and of course to confirm that we need to close 4h candle above .
This is a monthly chart with a bullish tweezer with increased volume and the current candle is a bullish engulfing candle. This looks like the bottom of BABA, buy more while you can!
Good earnings for alibaba can lead to a monster rally for wave 3. Keep on watch the 20day/50day MA cross. Heres the chart ...
Note : Yesterday HSI broke out of the flag right at 50dayMA... is it the beginning of the china reversal ?...
$BABA is caught in a 15-month downtrend channel but there could be short term upside opportunity ahead.
trading above Q2 earnings VWAP & 10/20MA. also attempted to re-capture its 50MA, with MA convergences taking place. price action behavior is very similar to oct'21 period.
ali baba did not the max low yet
Alibaba Group Holding Limited, also known as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
BABA has been battling at the 131.5 level on the daily.
It is currently in a long pattern coming from the downside, but has been basing up currently.
Has some resistance overhead around the 138 level, which if broken can target 140, 143, 148 and finally a gap fill to the 160 region.
If BABA can hold the 131.5 close on the daily for the next few days (as well as...
UPS 4H I UPS possible ascending triangle. Seems to be testing the bottom of the pattern we can attempt to catch the bottom on this name with a tight stock below $206.
BA 1H I The breakout we wanted above $219 happened last week. BA can hit $230 resistance this week before pulling back as earnings approach on 01/26.
DIS 2H I Strong bounce on DIS at the bottom of...
