BABA looks ready to breakout in my opinion... PT: $305 SL: $259
We finished a clean three wave zigzag which stopped around 123.6% fib extension. There has been lots of call flows into this name for a while and with the news about the China stocks on the board this seems like a risky play. Based on Elliot Wave theory I am long $BABA and keep adding to my position as long as we stay above the 0.786% retracement zone in the...
BABA dips into wave (ii) support level at 38.2% retracement or 263 setting up for a potential move higher targeting the 340-360 range into 2021. Looking to establish some minor longs on BABA with dips into 263 with either Leaps or Longer Term Bullish Vertical.
NYSE:BABA Reverted back before I was anticipating. Look like it wanna go to the next resistance 300.
Alibaba has broke out of the bearish trendline and could bounce from the bullish trendline intersection, more upside is available!
Trendlines, Ewave, Fibonacci observations looking bullish. I added to my BABA position yesterday. Today price action was bullish confirmation of continuing move higher. See chart for notes.
Alibaba Group is a Chinese multinational tech company specializing in e-commerce, and IT. This Chinese company is listed on the New York Stock Exchange (NYSE) as BABA. In this analysis, I’ll be covering the company’s fundamentals by looking at its business model and financials, as well as technical analysis for the stock. I’ll also be providing my own insight on...
If it can get back in the channel that would be really bullish, I'm liking this one.
BABA is sitting at critical support. I believe we have just finished the overall market correction and now there will be some pretty high volatility. I suspect bullish movements for the next 2-3 weeks before another potential correction or consolidation. If it does not bounce up tomorrow and falls below 267.20ish, then look to short or buy lower. Overall, BABA...
BABA recently began a new impulse wave and finished the second leg of the wave. Second leg was the correction today. The Third leg resumes tomorrow. Target is $310. Stop remains the low today below $289.
Clear uptrend Support with a Corridor Breakout forming. Note that we might miss the entry as the price moved to $273.10 pre-market (as we speak) and we are placing a Limit Buy order, rather than chasing momentum. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $267.80...
We have broken out past the uppertrend of the ATHs dating back to the IPO. Make your own trades but I am purchasing. Good luck
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
Clear uptrend Support with a Bullish Rectangle formed within. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $266.78 Suggested Stop Loss $259.47 Target price $290.81 Note that I tend to adjust stop losses in order to secure profits early and preserve capital . This...
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.