South Korea's government has signed an agreement with Alibaba's, AliExpress, and PDD Holdings' to promote product safety. The agreement comes after heightened regulatory scrutiny of these Chinese e-commerce platforms, which have significantly expanded their user base in South Korea. Safety inspections on products sold on these platforms detected harmful...
On the weekly timeframe we have a sideways market. The current buyer vector is 5-6.
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.
There is a high chance that NYSE:BABA (and other Chinese stocks) has not bottomed and will make a new low, because 1) the rally so far has been 3 waves (zigzag), 2) RSI divergence of the lows on daily need to be erased, 3) recent rally got rejected at 200MA If the drop breaks below 77, I'm quite sure a new low will happen NASDAQ:JD NASDAQ:BIDU AMEX:FXI TVC:HSI
Baba has been hovering sideway since DEC 2023 Last 2 weeks triggers 2 Slow Turtle Buy signals. This time, the signal appears above EMAs which indicating Bullish. 20x50 EMA Golden Cross also detected indicating Uptrend (Notice that price structure starting to form Higher Low and Higher High). MCDX Retailer is now 0% insignificant seller while Banker Spike...
hi, the price of the stock, after a long congestion that has continued since December 2023, has broken the lateral channel, bringing the price to the level of the 200 EMA. For a more cautious trade, with a better RRR, I wait for the price to retest the area 74.75. This area represents a very strong support given by the POC of the volumes traded during the descent...
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...
NYSE:BABA Alibaba is trading above 200DMA and broke out of the year long descending wedge with the measured move of $104. It is about to hit the next volume resistance area around $83 area. With RSI entering overbought territory does it still have a momentum to keep going? That depends on May 14 ER.
Is the bottom in? 😱 Alibaba breakout! NYSE:BABA We have pointed out upside price targets. It seems the bottom is in. Are you buying?
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...
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...
The rebound should continue and then final reset. It's very interesting
5/13/24 - vrockstar - NYSE:BABA - on almost every metric this thing remains cheap. you and i both know this. that seems to be beside the issue and it's more a function of the $AMEX:KWEB-style flows here more than anything. realistically, there's a lot of optionality in the model too that can be communicated that skews more +ve than -ve. they have a bunch of...
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.
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