Putting emotions aside about how unhappy, disappointed and frustrated with the China stocks, some people I spoke to are thinking to scoop more once the price reaches the support level. Just because it has rebounded on previous support level does not necessarily means it will do so in the future. It is possible, plausible and probable that it might falls through...
BABA share price continues to fall, but there's a ginormous RSI divergence on the weekly that's hard to ignore. Going to keep a close eye on this one and see if it enters the green zone again. Think this would be a nice long-term play, alongside NASDAQ:PYPL , with a chance of it retesting $84 in the future.
Hello friends In Alibaba stock, we observed a 5 micro wave after a complete correction which was contrary to the descending rune We call these 5 small waves wave 1 or A. After these 5 micro-waves, we see a 5-wave with overlapping waves that is similar to a triangle. Triangles are seen in wave 4 or B. Therefore, in both scenarios, the share price should reach the...
Alibaba #BABA NYSE:BABA Alibaba's journey continues to be a roller coaster ride of highs and lows. Since our initial entry, we've navigated through Waves (v), (2), and Y. We acknowledge that a dip below this level would challenge our perspective, potentially signaling further downturns. Therefore, we've implemented a stop-loss just below this critical point....
BABA had a nice clean break through a descending wedge. Support zone indicates where price momentarily reached and recovered. Yellow Weekly support line indicates a strong support on a weekly time frame. Small upside is possible.
If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. Could Alibaba be returning to its glory? Although Alibaba (NYSE:BABA) reported decent earnings last month, the stock failed to...
NYSE:BABA Painful? ✅ Getting impatient? ✅ Getting worried? ✅ But what if?
We see the possibility of further declines. It will finish off the five-wave pattern. Fibonacci expansion may fall to levels 1 to 1.13.
NYSE:BABA is currently trading within a descending wedge pattern and fluctuating within a trading range of $72 to $78. The critical support area lies between $72 to $70, and a breach below this level could potentially cause the stock to decline to the $63 area. Conversely, if the stock manages to break out of the descending wedge by surpassing the $80...
On the weekly timeframe we have a sideways market. The current buyer vector is 5-6.
Lots of accumulation on a strong support line from 2015 and almost meets the conditions for a perfect harmonic bat pattern.
The ABC pattern is closed A larger triangular pattern is finished. Strong eruptions can come out. It would be wave C.
Nothing to add here, we have a probability of a 9% Bullish move coming soon. Using one strategy is very dangerous thing to do.!
Alibaba could have a double bottom formation soon. The stock is in oversold territory and the volume has reset immensely. Michael Burry has been buying BABA in recent months as well. Worth checking this trade out.
It closed ABC with a short-term decline A larger triangular pattern is finished. Strong breakout can come out.
Alibaba's AliExpress ( NYSE:BABA ) finds itself in the crosshairs of a European Commission probe following allegations of disseminating potentially illegal and pornographic materials. This investigation, conducted under the EU's Digital Services Act (DSA), marks the third such inquiry into tech platforms, signaling a heightened regulatory focus on online content...
Watching BABA whether you like it or not based on fundamentals it stinks but technically it wants to break the resistance barrier 78.23 soon.
There is a possibility of further upside. It's undergoing an impulse uptick.