Let's see the news about the probe but (if Alibaba meets earnings expectations) currently, from a technical perspective we are in path to $275 after going through the 1.618 extension (at $261.5): - W bottom with PT (low to breakout) at $275 - Confluence with a detected pitchfan - MACD ultra bullish in the daily Not a financial advice! Please like, comment and...
Perfectly reached my yesterday's first price target of $243 . Now MACD bearish in 1h so I think it’s posible to start the day or premarket bearish until EMA200 and fib. Retracement 0.786 at $240-$241 aprox. Possible but not probable because the bullish general sentiment (as seen in postmarket). Then rebound to the ascending parallel chanel at my yesterday's...
Less plausible than my last idea in the short term but possible too. Not a financial advice.
Objective fib. retracement 0.236 ($19.5-$19.8 aprox). Hope I'm wrong. Not a financial advice.
MACD bullish from 1 min to 1 week. Let's get this gift. Not financial advise.
Possible bullish XABCD pattern in cards but with short-term target at $205 aprox. Thoughts?
Exponential growth curve perfectly drawn and perfectly touching fib retracements and extensions. Aligned with fundamentals. Thoughts?
Updating my previous idea: IMO it's possible to see a short-term rebound till $240 where the confluence of fib. retracement 0.5 (ATH to march '20 low) and fib. retracement 0.618 (ATH to dic '18 low) are. Then, expecting more downside until aprox. $190 were the Weekly 200 EMA is. Just before the february earnings where trend reversal is possible if...
Price target of $220-230 because the confluence of : - Fibonacci retracement (0.618 - $219.06) from ATH to September '15 low - Fibonacci retracement (0.5 - $223.52) from ATH to December '18 low - Fibonacci retracement (0.382 - $225.76) from ATH to March '20 low - Low side of the parallel channel formed since the IPO - Low side of the broadening wedge formed in...
Just a 10% prob. for me if something goes wrong with Global Economy (recession) due the COVID waves post-Christmas and pre-vaccine...but it don't predict the global monetary policies...I wish this would not happen
Tailwinds, strong fundamentals and good policies making Alibaba continuing this mid-term exponential growth.