baba might be the setup i'm attracted to the most. showing strength at the decade low. expected this to break the downward trend any time now. looking to the fill the gap up around $84 by eoy.
Look for BABA to consolidate some more and bounce off the previous resistance. I think we could see some quick price movement through the gap. Look for a bullish bias and for BABA to fill the gap this week.
I am watching price very closely this looks bullish lots of liquidity on the upside i will keep everyone posted on entry points this would be a $15 or so move to the upside this has shown a market shit in trend
On the weekly timeframe we have a sideways market. The current buyer vector is 5-6.
BABA broke out the diagonal trendline, closed nicely above 200SMA and volume is also great. Next stops 87, 90, 92 unless it's another fakeout. BABA had many of them in the past. Also we have earnings coming up on the 5/ 14. Undervalued company, sadly we're dealing with Chinese government thus it makes the investment a bit more complicated.
the illustration shows a sharp upward movement fast
BABA has been moving bullish lately and is looking to fill a gap zone. Look for price to move fast through this area.
I mostly trade cryptocurrencies, that doesn't mean I'm not interested in the real thing. It's been hit pretty hard by the recession, but it's still running and still around. The death of Alibaba would be laughable. The strategy I created brought out point C, which opens up a big turn for it. This will not be my last stock analysis to share with you. PS Don't...
BABA has broken its negative trend, reclaimed its 200-day moving average and done so on higher volume. Add to that a long bottoming base formation and we have the technical considerations taken care of. Trade war tensions are easing, while other regional conflicts are good for e-commerce, albeit not for logistics. BABA is at an inflection point and I believe the...
Is BABA's time here? It just closed over weekly downtrend
Alibaba is showing a Rounding Bottom Formation which is Bullish. Often called a Smiley Face and has a 66% potential to the Upside. A Frowny Face or Rounding Top is the Opposite with a 66% chance to the Downside. This is a Longer Term Study. Often Conviction and Patience along with Market Sentiment trend knowledge is required with careful timing to gain maximum...
Alibaba hitting channel resistance and attempting to breakout - might retrace slightly short term
AliBaba is given break out after long consolidation period hope it going up from now
1/Still no "Touch down"@ support lines RSI & Price "Green lines) 2/@(-68%) only 2ed to July 2015@(-73%) 3/+45% after W get a trough, if we do not have it already.! 4/This analysis is basically wrong -Ever probable, applicable & else absolute
Will Alibaba investors finally be compansated? Looks like NYSE:BABA is ready to break out of a huge falling wedge that goes back in OCT 2020 when the stock started its decline.
Hello friends In Alibaba share, we see the formation of a 5-wave, we consider these 5-wave as wave 1 or A. After these 5 waves, we see a zigzag whose wave B is formed in the form of a triangle. Triangles are very common in wave B. Therefore, after wave B, we expect wave C, which has been formed, but wave C must be completed, and after that, we can enter the buy...
BABA still struggling despite a wider rally in other tech stocks., 74% confidence. Target is $67.32, S/L would be the previous swing high at around $78/