BABA really obeyed the channel on its descent and when it bounced it immediately began retracing its journey from its nadir. Hard to say what confluence of fundamental events surrounding Jack Ma and ANT IPO and Chinese regulation really did the dent in the price action, but BABA was more or less overbought on the 1hr timeframe according to the RSI in October....
A clear breakout from descending trendline confirms the upside ! More upside but try to get a good entry point!
BABA breakout to the upside after initial agreement was reached!
BABA has broken out of the wedge pattern and has begun to accumulate. We think BABA will break out on earnings and test the 270 price target. We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include: 1) Strong Pandemic recovery 2) China is set to outgrow the United States in 5 years instead of 10...
BABA giving the results we were waiting for since 2 weeks ago. Broke the EMA levels and is doing quite a good price action for a buy entry
Profit potential, swing trading NYSE:BABA Disclaimer: This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any...
BABA hurt me on that huge gap down but I am willing to take another shot here with a stop below 210. If this trendline break marks the bottom, the stock could head back to the 280 area. FXI has been strong and KWEB so the stock may have some tailwinds. Not sure about the Jack Ma situation but it might not matter.
Massive buys today. China is nationalizing it, not much more to say. You saw the $NIO run. PT: $480 short term
A lot of News driving this one unfortunately so difficult to guess what could happen, but fundamentally this is probably one of the most undervalued Enterprise companies out there. Right now it's right at the long term rising trend line support and it touched and bounced off of previous resistance now support around 220. Previous two times it bounced back after...
BABA is still under bearish trend, more downside !
Baba is now at 2018 levels and looks very attractive. I'll focus only on Ichimoku weekly. The tenkan and kijun are acting as support for the lagging span. The price has reached the top of the cloud, which is acting as support. Not a bad place to enter a long term trade, with a stop loss at the low of the day.
As the investigation on BABA is still on, the worries is keeping a cap on $baba share price. But technically, BABA is lacking a major pullback to the resistance and this could be a good opportunity to short from .
If the .618 fib holds, this could be the end of correction.
BABA's breakout of the bearish triangle turns out to be fake out, now price is back below the trendline. With EMA also showing more pressure, the general downside trend is not changed !
Cheap or not, BABA is still in a downtrend correction, but trying to form a base. Going back above 266 would be a positive step if you're looking for some signs of reversal. Alibaba is a solid company. I'm neutral/bullish now. Trade safe!
Alibaba breaking above the descending trendline, more upside! MACD is also showing support for more room towards previous swing high.
$BABA is currently sitting on a volume shelf. A break below, 243 and we could see 200s. However we seem to be coming out of a major downtrend that started in October. A break through that trendline after higher lows and some consolidation over the past few days and we could see that 275 gap fill and possibly a push to 290 to fill the biggest gap of all.