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...
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...
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...
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.
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.
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!
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/
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.
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.
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.
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.
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.
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.
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'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...
