A few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth.
They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share...
BABA has been in this bearish channel since Jan 2023 and trading in a parrel channel since November. It is sitting right above strong support of 70.49. If this is broken next stop is 63.22. The slow stochastic is quite high considering how much BABA has fallen in the last two days. If support is broken go short.
Since end January we are trading within a broad range between 71 and 78.
Now we have reached the bottom again and may expect another upward retracement .
Yes, the trend is still downward and cautiousness is required. Perhaps it will take some more days to confirm a possible bottom here. But a retracement up would indicate the readiness for such a bottom.
Alibaba's co-founder, Jack Ma, has emerged from the shadows to pen a morale-boosting memo to employees. This rare move comes after years of maintaining a low profile following a tumultuous clash with Chinese regulators. Ma's endorsement of Alibaba's sweeping restructuring efforts marks a significant moment for the tech giant, prompting a surge in shares and...
Against the backdrop of recent underperformance in the stock market, Alibaba Group Holding Ltd, the Chinese internet retail giant, has seen its shares dip by approximately 7.5% since the year's start. Despite this, some analysts express a more optimistic outlook for the company's stock trajectory over the next twelve months.
Morgan Stanley's analysts project a...
Alibaba move into a very long downtrend
Very probably it will reverse soon
At the end of the channel an inverted Head & shoulder is forming right now
Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend
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.
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Could Alibaba be returning to its glory?
Although Alibaba (NYSE:BABA) reported decent earnings last month, the stock failed to...
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...
