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...
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...
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.
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...
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...
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.
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.
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
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.
hi traders,
I'm not going to lie here. I'm surprised that the price of BABA keeps going lower.
It's already a no-brainer for me now at 69 $ and I'm adding to my long-term hold position, but if it retest 60 $, it will be an even more screaming buy for me as it will retest the absolute bottom again.
BABA is a very profitable company with a strong fundamentals and...
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/
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.
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.
On BABA as you see on the chart we have the breakout with force the vwap and the support line by a big red candle so it's mean that we will have a hight probability to have a downtrend.Thanks!
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...
