Alibaba (BABA): Entering a Bullish Phase
Alibaba (BABA) has officially entered a bullish phase after successfully holding the $80 support level at the beginning of 2024. This strong rejection set the stage for a rally to $127, confirming the start of an uptrend.
Key Resistance Battle: Breaking $130 with Ease?
The next critical price level to watch is $130, last seen in November 2018.
If Alibaba breaks through $130 without effort, this will confirm strong bullish momentum, allowing the stock to continue climbing.
However, if BABA initially fails to break $130, it could trigger a pullback to $108, offering a new entry opportunity before the next leg up.
Long-Term Target: $200–$230 by Late 2025
Phase 1: If Alibaba retests $108 and successfully holds, it will make another attempt to break $130.
Phase 2: Once $130 is broken, BABA will gradually climb to $200 by the end of 2025, following a steady growth pattern without rapid acceleration.
Bullish Catalyst Scenario: If news flow remains favorable, Alibaba could push even higher, targeting $230 by the end of 2025.
Key Price Levels to Watch:
Support: $108 (potential pullback zone if $130 is rejected).
Resistance 1: $130 (major breakout level).
Resistance 2: $200 (main target by year-end 2025).
Bullish Extension: $230 (if market sentiment remains strong).
Summary: Strong Bullish Structure with Potential Upside
Alibaba’s price action suggests a clear uptrend, with $130 being the next major battle zone. If it breaks with ease, expect a smooth climb toward $200 by 2025. If it faces rejection, a pullback to $108 will offer a new buying opportunity before resuming the uptrend.
Should favorable news emerge, Alibaba could even hit $230 by the end of 2025, reinforcing its long-term bullish outlook.
Alibaba (BABA) has officially entered a bullish phase after successfully holding the $80 support level at the beginning of 2024. This strong rejection set the stage for a rally to $127, confirming the start of an uptrend.
Key Resistance Battle: Breaking $130 with Ease?
The next critical price level to watch is $130, last seen in November 2018.
If Alibaba breaks through $130 without effort, this will confirm strong bullish momentum, allowing the stock to continue climbing.
However, if BABA initially fails to break $130, it could trigger a pullback to $108, offering a new entry opportunity before the next leg up.
Long-Term Target: $200–$230 by Late 2025
Phase 1: If Alibaba retests $108 and successfully holds, it will make another attempt to break $130.
Phase 2: Once $130 is broken, BABA will gradually climb to $200 by the end of 2025, following a steady growth pattern without rapid acceleration.
Bullish Catalyst Scenario: If news flow remains favorable, Alibaba could push even higher, targeting $230 by the end of 2025.
Key Price Levels to Watch:
Support: $108 (potential pullback zone if $130 is rejected).
Resistance 1: $130 (major breakout level).
Resistance 2: $200 (main target by year-end 2025).
Bullish Extension: $230 (if market sentiment remains strong).
Summary: Strong Bullish Structure with Potential Upside
Alibaba’s price action suggests a clear uptrend, with $130 being the next major battle zone. If it breaks with ease, expect a smooth climb toward $200 by 2025. If it faces rejection, a pullback to $108 will offer a new buying opportunity before resuming the uptrend.
Should favorable news emerge, Alibaba could even hit $230 by the end of 2025, reinforcing its long-term bullish outlook.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.