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Alibaba

#BABA Possible another 10% drp to re-test historical trendlineHi All, my main 3 take-outs from this analysis are the following: 1- RSI in the weekly chart is in oversold territory with divergence vs prices 2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels 3- Possible support at 100$ is also a psichological support level (rund number) Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NYSE:BABAShort
by FrancescoMerlettini
AliBaba Poised to loose more ground. BABAWe are still zigzaging on this one. Momentum in the negative, crashing through resistances. I suppose it's only fair given the stellar impulse we have seen earlier. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:BABAShort
by Rykin_Capital
BABA - time for a shiftShift has come - from this moment on, BABA will start it's rise (my prognosis). The reason for this assumption is the very positive PE ratio, which was not hurt by the price fall. BABA seems very healthy financially, as if it was buying out own stocks during the fall. So my guess is that those who will still the opportunity to get the stocks for 130$, will catch the last train upwards. I personally doubt that it will really reach the 130$ already, but since there is there are still 2 days till the weekend, it may have enough time to bounce.
NYSE:BABA
by inducto
2
✅ALIBABA LOCAL LONG/PORTFOLIO ADDITION🚀 ✅ALIBABA is trading in a downtrend Following the company's falling out of favor With the Chinese Government And fueled further by the Coming Evergrande collapse That will drag China down with it Today, the stock gapped and fell even lower On the earnings news However, a massive support level is ahead At around 128$ per share, and I think This might be a great local long With the upside limited by the falling resistance Also, with the stock trading with 60% discount It might be a good place to start adding BABA to your long term portfolio As it is clear that whatever economic storm is coming Alibaba will be the one candidate to survive it LONG🚀 ✅Like and subscribe to never miss a new idea!✅
NYSE:BABALong
by ProSignalsFx
11