Alibaba Analysis 04.01.2021Hello 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!
Babastock
Alibaba Analysis 21.12.2021Hello 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!
BABA - POSSIBLE TRADEHello there,
As you can see in the chart BABA is holding the 0.786 FIB level and bouncing from there, also we have a bullish RSI divergence confirming our entry.
We will enter our trade in this level with a SL in the yellow line.
Our target: sky is the limit, you can chose your own percentage.
Cheers.
BABAAlibaba is in the correction phase. After having broken the support line, we are correcting Fibo. In search of 61.80% and we still have 78.6% that is at 84 dollars. Now just expect a very visible figure or strong reversal pattern!
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
BABA 3D Buying with a short stop can give a good resultLooking at the global chart of Alibaba Group shares, it appears that the 38% corrective fall is reaching its logical conclusion.
During the fall, each renewal of the minimum was accompanied by a decrease in trading volumes, and the "Bullish Pennant" pattern is formed on the chart itself.
The target for working out such a pattern is in the region of $265-285, which is at least + 30%.
In this zone, you should cover longs and look around to see what the general mood will be in the market.
Analyzing the chart today, we consider the scenario of the continuation of the correction of the price of BABA shares down to $165 , and possibly to $135, after a rebound to the zone of $265-285 from current prices , is more likely.
This assumption will be shattered by buyers if they can confidently fix the price of BABA shares above $285
Let's wait and see who will dominate the market in the future)