Based in Elliott Waves, we still need to end the 5th wave of this bigger correction. Manage your risk properly. Like, subscribe and comment for more ideas.
Based in Wave analysis. It looks like the first wave is completed and the next target is between 0.5 and 0.618 pullback. Strong rally means possible strong pullback. RSI in the overbought zone in the 4h. Your thoughts? Like, comment and subscribe for more ideas. Manage your risk properly.
Buying zone between $219 (0.5 retracement) and $122.88 (0.854 retracement of the first impulse). Looking at the RSI trajectory and the MACD bearish signal in the weekly we are likely to cross the 200 EMA to $147.35 (0.764 retracement), a zone that has been acting as support and resistance for the past few months. Baidu closed the second retracement of the...
Big opportunity in the latest Twitter capitulation based on Elliott Waves.
Starting the 3rd Wave of the second super cycle + macro cup&handle pattern indicates a PT between 483 and 560 in Dec. 2022. Bullish perspective on this stock in the mid term and long term. The total addressable market value of Baidu's non-advertising business is 10x the size of online advertising.
A very big opportunity in the charts. RSI at 25 in the daily, and MACD touching the broadening wedge in the weekly. Bright future in the stock's price for the next year despite the exponential growth curve has been broken. Buy order at (50%) 1.414 ($199.37) and other one (50%) at 1.618 ($188.57).
The stock continues in this multiyear exponential growth curve and just draw a bullish divergence. We have 2 paths for BABA but i think is much more probable the upside one. Everything will depend on the regulators, but I don't think they will cut the wings of their interational dinosaur.
If we break out of the triangle, we can expect the downside continuing until $20-18 (confluencing with the 100EMA and 0.382) and then a rebound to $36-39. On the big picture we continue bullish on this stock. Don't forget that our opinions could be biased by our experiences and feelings. Manage properly your risk. Not a financial advice. Please like and...
Today we've seen a fakeout of the ascending triangle formed since Jan 14, but IMO we have the fundamentals to break the triangle and reach this target where, by the way, there is a confluence with the 1.618 at $301.8. I am more and more certain that BABA will reach $350 this year. Don't forget that our opinions could be biased by our experiences and...
Lot of compression and hype on this stock. We could see an explosion in volume and price in the next few days. Don't forget that our opinions could be biased by our experiences and feelings. Manage properly your risk. Not a financial advice. Please like and subscribe for more ideas.
Confluence of 0.382, 200EMA and H&S so bad news if we break the neckline in the short-term BUT it could confirm the macro cup and handle formed since Sept.18 so we have hope in this stock mid-term, maintaining our mid-term PT at somewhere between $36 and $40. Not a financial advice. Please, like and subscribe to support this community.
Confluence of some signals as indicated in the chart + bullish MACD, confirmation of a big inverse H&S formed since October... We are in a period of market uncertainty but their earnings date in February could act as a strong catalyst for the stock. Not a financial advice! Please like, comment and subscribe if you want to create a bigger community with better ideas.
Confluence of fib. 0.618 and the 200EMA in 1h timeframe. MACD bearish.
Enough momentum to achieve $261.5 before the February earnings release, where we can see a confluence of the fibonacci extension 1.618 and the top of the parallel channel drawn. Manage properly your risk! Not a fiancial advice.