BABA: Two Strategic Entries for Falling Wedge at SupportBABA: Two Strategic Entries for Falling Wedge at Support
We are seeing a textbook bullish setup on the NYSE:BABA 4-hour chart. A Falling Wedge pattern converging right on top of a major historical Support Zone.
This structure offers us two distinct tactical approaches:
1. The Anticipat
Key facts today
Zelos Technology has partnered with Alibaba's logistics unit, Cainiao, in a $2 billion deal to boost technology and expand its fleet using Alibaba's AI and logistics network.
Alibaba (BABA) may be added to a Pentagon list of firms linked to China's military, amid heightened U.S. scrutiny of Chinese tech companies. An announcement is expected soon.
Next report date
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EPS estimate
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Revenue estimate
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6.40 EUR
16.58 B EUR
127.59 B EUR
2.24 B
About Alibaba Group Holdings Ltd.
Sector
Industry
CEO
Yong Ming Eddie Wu
Website
Headquarters
Hangzhou
Founded
1999
IPO date
Sep 19, 2014
Identifiers
3
ISIN US01609W1027
Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments. The Core Commerce segment consists of platforms operating in retail and wholesale. The China Commerce segment includes China commerce retail and wholesale businesses. The International Commerce segment focuses on international commerce retail and wholesale businesses. The Local Consumer Services segment is involved in To-Home businesses, which include Ele.me, local services and delivery platform, and Taoxianda, and To-Destination segment businesses which include Amap, the provider of mobile digital map, navigation and real-time traffic information, and restaurant and local services guide platform. The Cainiao segment has Cainiao Network and offers domestic and international one-stop-shop logistics services and supply chain management solution. The Cloud segment includes Alibaba Cloud and DingTalk. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.
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BABA – Breakout Follow-Through | Wave 5 In ProgressContext
- Weekly and daily timeframes
- Multi-year base already completed
- Prior impulsive advance followed by a controlled Wave 4 retracement
- Breakout confirmed last week
What I see
- Wave 4 pullback resolved cleanly
- Breakout last week confirmed the end of the corrective phase
- Price has
BABA Bullish BreakoutBABA just flipped the script on the 1D chart, breaking out of a well-defined double bottom with the neckline near $166. That push reclaimed the key moving-average cluster (20/60/120) and confirms a fresh market-structure shift to the upside, putting momentum back in the bulls’ hands.
The clean cont
BABA: holding the mid-term support NYSE:BABA price is still holding the mid-term support zone outlined in the October update (see "previous" section bellow) and continues to act constructively. The structure suggests a potential start of a new uptrend toward the next target resistance zone at 205–230.
Chart:
As long as price
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