Ascending TriangleNeutral until broken.
The white line is a measure of a 100% fall from the very old Head and Shoulders pattern that BABA formed eons ago.
It is possible for price to fall more or less than 100%.
The white line is a measure from the neckline to the head of this pattern. This has tried to turn up almost exactly at the bottom of the white line!
Unbelievable but price must have memory.
That does not mean price can not go lower. I just thought that was worth noting.
The H&S is way, way, way up there!
The H&S pattern is easier seen on weekly so I will post a weekly chart below.
No recommendation.
BABA trade ideas
BABA technicalsBABA is up +91% from its October 24th, 2022, low of $58 to a close of $111 today, January 9th, 2023. BABA is a high probability short now based on this technical analysis. On the BABA 1 day chart, pi RSI is getting overbought and TTCATR(beta) closed at the top of its main resistance level. Here's BABA technical levels on the 1 day chart:
SMA200 = $91.82
VWMA 20 TTCATR(beta):
top = $112.20
R3 = $106.28
R2 = $100.35
R1 = $94.42
pivot = $88.50
S1 = $82.57
S2 = $76.65
S3 = $70.72
bottom = $64.80
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
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7 Common mistakes:
+5% portfolio trades, capital risk management
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FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
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$BABA: Long if breaking up...Alibaba has a nice potential setup here, which could trigger if we break over last week's high here. Stop can be tight as the move should have strong momentum. Reward to risk is over 4.43R, which is tremendous potential for a swing trade here. If it breaks down instead of up, this trade idea is cancelled, but we could find a short entry trigger, depending on how it moves this week.
Best of luck!
Ivan Labrie.
Alibaba (BABA) Update - 1/5/2023Alibaba Rose 13% yesterday amid news of Chinese regulators' approval to raise $1.5 B in its consumer finance unit. Of course, this is positive news for this stock.
The rally will likely continue until the stock breaks its resistance level of $105/share in the next couple of months before it tries to fill the gap caused by yesterday's rally.
Ps. This is not an investment Advice.
Alibaba:Spotted Inverted Head& ShoulderAlibaba:Spotted Inverted Head & Shoulder in 4H time frame chart.
Downtrend structure has also broken. It started forming uptrend structure.
After forming inverted head and shoulder, currently market is trading near support zone of 85$.
A bullish movement is expected, upto the level of 106$.
One may take the long position at current market price, market may test the resistance levels of 106 in upcoming sessions.
On lower side market may test the levels of 74$.
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:
BABA BROKE A DOWNWARD TREND LINE AND HAS SOME UPSIDE ROOM TO RUNThe analysis shows a downward trend line that got broken along with a volume profile.
There is a huge horizontal volume support line at 84$/per share.
The lower support is 70$/per share.
The Resistant volume is 122$/per share.
The Price is still below the 200DayEMA and just above the 100DayEMA so this might go into a squeeze, meaning volatile price movements and possibly hold the100DayEMA.
My prediction is that it's going to at least move back up to a Price range around the 122$/per share mark.
It's worth keeping an eye on $$$$
BABA Double TOP Bearish Outlook Bullish Indications
* Making HH and HL but no consistency
* Inverted green hammer candlestick
* Support = 86 Resistance = 89
โจ
Bearish Indications
* Three red soldiers
* Support = 86 Resistance = 89
* Double top chart pattern : Neck line = 86
Bias = Short
Plan
Entry @ 85.95
TP @ 84
SL @ 89
BABA 3/21/22BABA
Easy trade here.
Price is in existing downtrend.
Price was in a sideways range between 110 thru 130.
Price broke down from range and has pulled back to previous support and looking to turn it into resistance.
Price is also currently looking to reject 50ema and is at 0.50 Fib level.
Price is at area of value. This is my cue to enter trade short.
Will be entering trade short. Price heading to all time low.
Entry: 108.17
Stop Loss: 116.72
Target: 59.50
ALIBABA Rejected on a huge Resistance cluster. Levels to watch.The Alibaba Group (BABA) is pulling back after being rejected not just on the 1D MA200 (orange trend-line) but also at the top (Lower Highs trend-line) of the Falling Wedge pattern holding since the October 20 2021 High.
This is a huge Resistance cluster as the RSI on the 1W time-frame also got rejected near its 54.00 Resistance. Technically, if the 1D MA50 (blue trend-line) breaks, the stock can test the 58.15 Support, even make a Lower Low on the -0.136 Fibonacci extension.
The MA trend-line that has been unbroken the longest (since February 25 2021) is the 1W MA50 (red trend-line). As a result, if the price breaks above, naturally it will be a break above the 1 year Falling Wedge too, it should restore the bullish trend on the long-term. The first target in that case will be the previous High at 126.20.
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Alibaba (BABA) Update 12/20/2022
Stock may have shown a loss of momentum after it started an upward trend in October this year.
ALMA11
ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of rejection happens.
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:
BABA | But the Fear | OversoldAlibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a self-operated retail chain; and Tmall Global, an import e-commerce platform. The company also operates Taoxianda, an online-offline integration service for FMCG brands and third-party grocery retail partners; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database and big data, and IoT services. Additionally, it operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; and Tmall Genie smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.