I see the inverted right shoulder, perhaps for $BABAAlibaba, the online commerce that was famous, gained popularity, had Jack Ma giving prep speech in USA, hyped up all the way to the top of 300.
After 3 years, price is back to where it started, try asking 10 friends, you get 9 of them "spitting" on this stock, they condemned it into black list
When the majority is not looking at it, it is time to accumulate, perhaps
If the Inverted Right Shoulder plays out in next 6-12 months, the next immediate target will be around 120 - 128, the neckline
*Not a buy or sell call
BABAD trade ideas
Possible bullish if break out of patternBABA is in a falling wedge, a bullish reversal pattern if and when breaks out of it.
At the moment there is a lot of strong resistance but if BABA somehow manages to go through them it would be extremely bullish for stock for several weeks.
Around 88$ there are 50 and 200 days MA which will act as resistance. There is also a smaller and bigger trend line from the falling wedge pattern. If and when BABA crosses both the trend line and close day above it and above BigRed aka 200 days MA it would trigger a massive buy signal.
Also if you don't enter on breakout (if there will be one) and price retest all those resistance levels which is the common way how the stock behaves you will have new opportunities during retesting resistance.
REMEMBER for the buy signal it needs first to break out of the pattern, and close above it, and would be nice if it happened on a bigger volume.
BABA, 7d/-19.64%falling cycle -19.64% in 7 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
$Baba is extremely good value...It is quite astonishing to think that with just a $200B market capitalization, BABA alone can satisfy China's immense demand for AI and digital growth, even if you consider in the presence of monopoly laws.
If we take a step back and analyze the situation, NYSE:BABA should ideally have a market capitalization of $1T. The current share price seems to be influenced by various external factors and political noise. It is worth noting that despite the share price being close to its IPO price, BABA generates revenue and profit that are 15 times higher and is projected to grow by 30 times over the next 10 years.
BABA @ Long Term SupportOn the 4H Chart, BABA is sitting in the the demand zone at a double bottom retest. Earnings
two weeks ago beat expectations. Fundamentally, China is holding interest rates down and
may even decrease their prime rate. Domestically, chaos continues with more rate increases
possible and the debt ceiling issue impending resolution versus diseaster. I see trading and
investing in foreign based intruments such as BABA , NIO along with ETFs diversified into
China, Europe, Korea Japan and maybe others to be a useful means to diversify risk. I will take
a long trade in BABA because I believe it will rise from its usual bottom.
The most likely scenario on BABAbased on the price pattern has been formed in the last 3 years, the most likely scenario is what is shown by the blue line marked on the chart.
due to the last move of the price and disability to catch the Last High which is marked by the orange line, market structure hasn't changed and downtrend is still continuous.
so i'm expecting a new low and all of the mentiond fact beside the weakend downtrend show me a scenario which is marked on the chart by blue line.
BABA - Double your money in a year ?BABA is way down near it's All-Time low of $57. Weekly Stochastic RSI is in oversold. Seems to have clear horizontal targets to test on the way back up at $85 and $120. Will the 57 mark hold as support or will it ping lower to around $45. It's going to bounce somewhere and when it does it's bound to be a biggie...
Alibaba Keeps Making Lower HighsAlibaba rallied sharply between November and early this year, but now it may be showing signs of continuation to the downside.
The main pattern on today’s chart is the series of lower highs since January 26. The Chinese e-commerce stock bounced around $81 in March and April. The result could be a potentially bearish descending triangle. (That $81 level could be especially important because it’s a support level running back more than a year.)
Next, consider how the 50-day simple moving (SMA) tried to get above the 200-day SMA but couldn’t stay there. Some technical analysts may think that “death cross” confirms a longer-term downtrend.
Finally, you have the large red high-volume candle on May 18. It immediately followed better-then-expected earnings and revenue -- a potential sign of investors losing interest over the longer run.
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