BABA is about to break above the upside confirmation, and more upside could be seen from there!
A clear breakout from descending trendline confirms the upside ! More upside but try to get a good entry point!
BABA is still under resistance $269. Wait for the triangle BREAKTHROUGH and SELL—TP around $246. If we go higher, BUY above $270 with a retest. LEVELS BUY: $244 $227 $217 STRONG BUY
This stock looks really interesting because it looks like Facebook when they had all the problems with Cambridge Analytics and the Government. China is a tougher government and we don't know how the stock will react, several GAPS and rebounds with little activity give us a good environment for short selling. As I write this BABA is 2 percent down in after hours....
BABA is still under bearish trend, more downside !
As the investigation on BABA is still on, the worries is keeping a cap on $baba share price. But technically, BABA is lacking a major pullback to the resistance and this could be a good opportunity to short from .
BABA's breakout of the bearish triangle turns out to be fake out, now price is back below the trendline. With EMA also showing more pressure, the general downside trend is not changed !
Alibaba breaking above the descending trendline, more upside! MACD is also showing support for more room towards previous swing high.
Alibaba, weekly timeframe: Resistance zone + Shooting Star + Side of Bollinger bands + Divergence
looking at the 170 area but most likely will close out my puts long before then
I think that the pandemic disaster we are in will continue for a long time and there will be a collapse in the markets on a global scale, in this context, I expect a structure in the stock as I stated in the chart.. The pattern I draw in the chart can be seen in many stocks, I think the second wave of sales will be more devastating, we will wait and see.. ...
I am expecting to see a double top form around the 08 area and ill take my proffits then Ill likely go short first target down lower at 79.66 2nd target lower @ 74.15 what are your thoughts?
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key points. Doing head and shoulders for recent correlation waves, I think a reasonable short target given the current $194.19 price for Alibaba -2.94% down, (mostly bearish quarter), it is still quite...
Hey everyone, here's the analysis on BABA, if you find this idea insightful, leave us a like and comment on stock ideas you look forward to next! Summary: Strong drop from our resistance zone and trend line, current price could push lower to our S1 zone. Action: Sell Limit: 203.00 Stop Loss: 220.00 Take Profit: 188.00 Analysis: Strong resistance zone at...
BABA bounced off 215.12 where it could potentially rise further to 230.40. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA still has some steam left but I suspect we are close to a short. The Chinese market will get a boost this week due to the so called truce but once that is over we are headed down.
As Alibaba [BABA}, (currently in an uptrend), enters its 52 week high, and RSI & MACD are overbought, the time could be right to either: A) buy the dip at support (aggressive trade) or at resistance (a more accommodating trade) at the levels shown. or B) for those most adventurous - an aggressive short is likely to 193 (approx) then wait to buy back the dip...
BABA bounced off 214.19 where it could potentially rise further to 224.65. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.