Alibaba - It Is So Predictable!Alibaba ( NYSE:BABA ) just rejected a major resistance:
Click chart above to see the detailed analysis👆🏻
A couple of days ago Alibaba stock perfectly retested a major previous resistance level after rallying +45% just within a couple of weeks. We can first see more bearish movement and maybe even a retest of the trendline breakout level before Alibaba will continue its overall uptrend.
Levels to watch: $80, $110
Keep your long term vision,
Philip (BasicTrading)
Alibaba
Alibaba - Finally The Trendline Breakout!Alibaba ( NYSE:BABA ) finally broke above the bearish trendline:
Click chart above to see the detailed analysis👆🏻
Alibaba is breaking out and the breakout is not unexpected whatsoever. For a long time, Alibaba has been hugging the resistance trendline and finally managed to fulfil its destiny. This could very well be the bottom of the bear market and the start of something big: new all time highs.
Levels to watch: $115, $80
Keep your long term vision,
Philip (BasicTrading)
Alibaba - The Bleeding Is OverNYSE:BABA dropped roughly -75% after it broke the long term trendline towards the downside back in 2021 before it found some strong support at a previous horizontal support level.
Click chart above to see detailed analysis 👆🏻
Bulls are still not giving up on Alibaba and after the strong retest and reversal of the all time low back in 2022, Alibaba managed to consolidate and stop the agressive downtrend. If Alibaba actually manages to break back above the confluence of resistance, this stock is actually back to a bullish market and we could see the beginning of a new uptrend and maybe even new all time highs.
Levels to watch: $81
Keep your long term vision,
Philip - BasicTrading
Alibaba - Back to bearish (not)?Hello Traders and Investors, today I will take a look at Alibaba .
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Explanation of my video analysis:
After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still respecting the bearish trendline, but it is just a matter of time until we will see a bullish trading opportunity on this stock.
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Keep your long term vision,
Philip (BasicTrading)
Trade Like A Sniper - Episode 25 - BABA - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Alibaba (BABA), starting from the 6-Month chart.
If you want to learn more, check out my other videos on TradingView or on YT.
If you are interested in private coaching, feel free to get in touch via one of my socials.
Alibaba - Don't forget chinese stocks!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 the moment Alibaba is still in a very bearish market but there is a chance that we will see a reversal in the near future.
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Keep your long term vision,
Philip (BasicTrading)
Alibaba - Trading opportunity is finally there!Hello Traders and Investors, today I will take a look at Alibaba .
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Explanation of my video analysis:
Almost a decade ago Alibaba stock retested a strong support at the psychological $60 level and reversed significantly towards the upside. Just a couple of months ago Alibaba stock once again retested this support and created an anticipated reversal. If Alibaba stock actually manages to break above the current resistance trendline, we could maybe see a similar rally like we saw in 2015 and the following years.
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Keep your long term vision,
Philip (BasicTrading)
Alibaba - Buy The DipHello Traders, welcome to today's analysis of Alibaba.
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Explanation of my video analysis:
Starting in 2016 Alibaba created a pretty obvious higher timeframe bullish reversal which was followed by a crazy bullrun on Alibaba stock. In 2021 Alibaba broke below a major bullish trendline and dropped more than -70%. If we see another bullish reversal at the $65 level and a break above the trendline mentioned in the analysis, I am looking for bullish trading setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
HSI Short: Target 15000 till EOY 2023My previous analysis of the Hang Seng Index was invalidated. And now I've done a revamp of the wave counts for 2023.
This is the summary:
1. Hang Seng will continue to fall either till Christmas or EOY.
2. Target support, or end of correction, will be 14980-15100. Look out for this support zone.
Alibaba Analysis 04.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Alibaba Analysis 19.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Alibaba Analysis 30.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Alibaba Analysis 15.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Alibaba Analysis 01.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Has BABA hit the rock bottom?
Technical analysis used is called Elliott Wave technical analysis.
We can see an almost textbook 5 waves movement down.
I have done a quick check of the validity of the count, based on the rules and:
1. Wave 2 never moves the start of Wave 1
2. Wave 3 is not the shortest out of the 3 impulse waves W1,W3,W5
3. Wave 4 never enters the price territory of Wave 1
All checked out confirming the validity of the count.
The Fibonacci sequence is the mathematical basis of Elliott Wave Analysis.Based on that and on the guidelines I can see two scenarios for Alibaba and the ending of Wave 5
1. Scenario Nr 1 - Wave 5 ending where it is now. Based on the common Fib extension of 0.382 one of the most common one for Wave 5 . This one found support 3 times in the past month at this level.
2. Scenario Nr2 - Based on the guidelines when we have an impulse wave and Wave3 is the extended one, which is the case so far, Wave 5 and Wave 1 tend towards equality. This equality would happed, guess where at 0.618 golden ratio.
I continue to be amazed by the precision of the Elliott Wave Model.
Disclaimer: This is my analysis and does not constitute financial advice.
Alibaba Analysis 25.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!