Fundamental analysis for BABA is not good. They are going to be investigated by the Chinese government for abusing of monopoly position on the market. But the GAP on the chart should be closed. So I am expecting a pull-back to $260. Long term position should be considered. It seems to be the same story as FACEBOOK or GOOGLE sued by the US government.
broke the channel and made a pullback now ready for a sell
BABA bullish reversal coinciding with trendline support, immediate resistance at $280 gap.
Alibaba H4 - first Short (rebound from resistance 280 to support 252) then Long (rebound from support 252 back to resistance 280 and descending channel 286)
I believe BABA has shown us the first levels of its trading range at the $315 level and $255 level and I think this is the range we will see the strong hands start accumulation before the Ant IPO for the markup. I will be swinging BABA in this range until it’s time for the final rally up in its final phase of this range.
Looks like BABA resting on some support today after falling from support yesterday. Currently resting on .786 fib level. BABA is CHEAP right now, but there can be more downside with major support at $230-ish level as the ultimate bottom (unless there's a market-wide sell-off this is not very probable. I am personally adding to my March calls here.
Analysis of BABA (Alibaba Group). Current price is an opportunity to buy BABA. Alibaba group lays on a strong support level, and just might bounce back up. Even if my RSI Tunnels indicator is bearish, but it's in the deeps and there might be an opportunity here for a long. Stop Loss = 255 Take Profit = 300 Buy around current prices, 265-266 We can loss around 10$...
TITLE/(DATE)- BUY BABA/USD ASSET- STOCK PLATFORM-MT4 ORDER TYPE- BUY Market Time Frame-4hr ENTRY PRICE 1- $267.50 ✅ market ENTRY 2- $265.50 (PENDING) STOP LOSS- $457.50 (100PIPs) TAKE PROFIT 1-$277.50 (100PIPS) TAKE PROFIT 2- $287.50 (200 PIPS) TAKE PROFIT 3- $297.50 (300 PIPS) TAKE PROFIT 4- $307.50 (400 PIPS) STATUS: 🏃🏽♂️ENTEY 1 ACTIVE 🏃🏽♂️
My buy zone and targets for Alibaba. Anything above the support is a good buy in my opinion. We're reaching an apex, a move will happen soon. (Not financial advice)
Hi guys, Since August 2018, the market has been below very signicafant resistance. In early jully 2020, the market broke finally this resistance and with force, we can expect a rise the days to come to 290 and even more... what do you things ?... FOLLOW ME and SHARE
Good news, good correction, good support (also pin bar candle), and now a good symmetrical triangle. It is time to rocket.
i was counting allibaba waves and as i guess and drawn in analysis its in Wave 3 and should have sharp and strong momentum toward PRZ zone .
NYSE:BABA is pulling back currently from the resistence. let it pullback a little more then go for the long setup.
Looking for one more gap up from BABA before taking profit. Looking for the 250-260 region. Overall, BABA is crushing it no matter how you look at it. Investing in China for the long term is the way to go.
Hello traders, Description of the analysis: Alibaba support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options....
Alibaba shows no signs of weakness, only strong buy momentum. Technically: price broke an important pattern which support the continuation of the bullish wave. Congratulations Buyers!
Bit of symmetry would be in play if the bars pattern plays out however it is very speculative Looks bullish above this hidden fallen wedge that formed