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BABA price is pulling back into the mid-term support zone at 171–160–150. Watching for the first wave of correction to be nearing completion, with potential for a new base formation to start developing before an eventual upside move toward the 220+ macro resistance.

Chart: tradingview.com/x/W4YOUYTI/

Previously:
On the bullish structure (Aug 29): tradingview.com/symbols/NYSE-BABA/minds/?mind=CaqVWs8STwyadmFgcKR2sQ
• On support and bullish corrective structure (Aug 19): tradingview.com/symbols/NYSE-BABA/minds/?mind=0LaTzdvXTF6taka_IZOGcQ
• On potential upside reversal (Jul 15): tradingview.com/symbols/NYSE-BABA/minds/?mind=6VEnzLYLT2mvyo7iFDPPuw
• On macro support (Jun 24): tradingview.com/symbols/NYSE-BABA/minds/?mind=g11rtRbFReqrJUqJtMpCYQ
Snapshot


BABA looked really weak on Tuesday alongside all the other China stocks (JD,BIDU). Did not expect it to sell off this quick though.

I will start loading this again when it comes down to $150 but will go heavy when it reaches my ultimate downside target of around $135-140. I am still bullish on China into EOY so this is actually a good discount.

BABA What a sell of in H King what is going on here

BABA gonna try here. just bought 3x leverage at the low time frame support zone. going for a gap fill as it dropped to 169.7 in overnight trading


BABA unlike American stocks , I actually like how this and other Chinese stocks still respects technical analysis and doesn’t just infinitely keep gapping up. There’s actual pull backs and corrections


BABA Lets get 212 out of this. Cmon baba.