Hi Guys. As always, heres a macro chart setup i've found to be a MUST WATCH, at the very least if not a potential long.
Analysis done on 1 week, indicating a macro analysis.
Alibaba (BABA), at current prices is roughly 75% from its blow off top in 2020.
Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance...
Hello Traders and Investors, today I will take a look at Alibaba.
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Explanation of my video analysis:
Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At...
Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week!
Fundamentally, Alibaba holds substantial potential, and...
My plan here is very clear and labeled.
This is a strong turning point for china as the US markets are starting to roll over, this can be a great opportunity for china stocks to rocket and Biden trying to limit our ability to purchase them.
I'll keep this one simple.
KEY NOTES:
HISTOGRAM HIGHER LOWS - weekly
PRICE SHIFT - HIGHER LOWS weekly
Strong MAJOR BLOCK ORDER SUPPORT Bounce
Bubble up volume surge - net buy positions +++
Massive "GREEN" earning calls last March 2023 EPS beat by 13.10%.
HUGE net income on 1Q 2023: $23B at +367%
Spotted at 84.0
TAYOR.
Safeguard Capital always.
Expect market to incline 1.3% to TP2 on market making higher highs.
expect (-0.4%/-0.6%) after +1.2% to $82.25
Expect market to deviate from incline maybe stagnate @ round 0.70% or so but continue to incline in not after short decline.
Alibaba looks to be a severely undervalued stock, however I am aware of the risks and the Chinese govenrment.
I think that the risk is worth the potential returns.
Everything I see in stores in Europe comes from Alibaba. More and more people I know are importing via AliBaba.
Hello traders and investors!
Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario.
The price has increased by 13%, with the maximum...
We can see a similar pattern for Alibaba and Tencent shares in the daily chart. Both are in a consolidation stage and the resistance is hampering the price action to rally further.
I am watching closely this level and any breakup with a bullish signal could be a potential trend reversal to the bullish side.
Patience
Chill, guys ,there is no need to get into FOMO just because there are plenty of conversations going on about buying Alibaba shares. Just look at the chart carefully, it has been in this consolidation stage since Oct 2023.
Let the price breaks about 77 level and convincingly with a bullish signal , you can still go LONG . There is no guarantee that those who got...
Currently below resistance zone/100 SMA resistance, Daily close over 78.78 and rally to 88.11-95.26 should come pretty quick..
boost and follow for more! 😶🌫️
Expecting a strong rejection at $74-$75 supply area with the price retracing to $71.
The supply area proved hard to break out from on multiple occasions before.
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.
