BABA looking goodshooting for a gap up in the morning into the box for a run at the first target. gap down and going short to the top of the box below. 4am will tell
Bababreakout
BABA Pullback.Simple inside bar breakout. Entry over green line trim at high dashed line. Either use a % stop loss or last 10m candle after breakout.
Alibaba Analysis 15.02.2022Hello Traders,
welcome to this free and educational analysis.
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BABA TO RETEST ATH IN COMING MONTHSBABA has broken out of the wedge pattern and has begun to accumulate.
We think BABA will break out on earnings and test the 270 price target.
We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include:
1) Strong Pandemic recovery
2) China is set to outgrow the United States in 5 years instead of 10 years
3) BABA is severely undervalued
4) BABA will rekindle a relationship with the Chinese gov and an ANT IPO will most likely play out
5) Big money is flowing into China as a safe haven.
BABA LONG SET UP (ALIBABA GROUP HOLDINGS LTD.)TITLE/(DATE)- BUY BABA/USD
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY Market
Time Frame-4hr
ENTRY PRICE 1- $267.50 ✅ market
ENTRY 2- $265.50 (PENDING)
STOP LOSS- $457.50 (100PIPs)
TAKE PROFIT 1-$277.50 (100PIPS)
TAKE PROFIT 2- $287.50 (200 PIPS)
TAKE PROFIT 3- $297.50 (300 PIPS)
TAKE PROFIT 4- $307.50 (400 PIPS)
STATUS: 🏃🏽♂️ENTEY 1 ACTIVE 🏃🏽♂️
Simple Analysis (BABA) : Breakout of the resistanceHi guys, Since August 2018, the market has been below very signicafant resistance. In early jully 2020, the market broke finally this resistance and with force, we can expect a rise the days to come to 290 and even more... what do you things ?... FOLLOW ME and SHARE
