We've seen quite the downtrend on BABA since Spring/Summer '18 and I think a lot of people are wondering when it will end. I think a turnaround will happen sooner than later. Following a bullish divergence on the 1Hr we had earnings that slowed our roll. With a "not-so-great" guidance from the online giant, we fell again to our last support. But what I'm seeing now here is that we are creating a HIDDEN bullish divergence. BABA has seemed influenced by $SPY and the way it moves. But today BABA showed some strength while SPY fell to new lows. I believe we are going to break the long term trend soon (yellow descending line). We will need a pretty strong move and I think if SPY and the rest of the market doesn't cooperate we might not get it. Keep an eye on the longer term and play cautiously. I'm also looking for some strength/crossover on the ADX as well to confirm movement.
p.s. if you guys have any questions, comments or critiques I'm always happy to hear them! I plan to be a lot more active on here not only for the audience but to watch my plays and follow up with my accuracy. Hit the follow if you like what you see! Thanks a lot!