Alibaba Group Holdings Ltd.
Short
Updated

BABA bulls lose control!

1 942
my last bullish analysis was late February 2024, It can all bullish targets. now it seems like bears are taking over again, I think we may see the dip continue to trend support/support zones.

we may see a cluster support bounce around 78-89 area, Boost and follow for more
Trade active
snapshot break past 103 sends us straight to my first dip entry area, lets see if we get it. also depends if spy can hold 500 or not. spy chart was just posted
Trade closed manually
snapshot bulls holding the 100 round number support, if we can cross 116 they are back in business and its important to switch bias from bear to bull. ride the wave, who cares where the wave goes as long as we can profit.

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.