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BABA

Maintain Long Position for AlibabaLast week, there was a slight pullback, but overall the rebound from the lower gan fan still will increase the momentum of this NYSE:BABA Next week's trading range will be around 251.28 - 266.28. So, if your current position is below this range, you can use this range to close the position and/or average up/reentry on the bottom range. The next strong resistance will be around 285, but the first challenge will be around 275. Cut loss position will be the nearest Support around 245. I will maintain my current ideas for the Long position with these conditions. Have fun and safe trade. Disclaimer: This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
NYSE:BABALong
by bakkarianz
5
BABA TO RETEST ATH IN COMING MONTHSBABA has broken out of the wedge pattern and has begun to accumulate. We think BABA will break out on earnings and test the 270 price target. We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include: 1) Strong Pandemic recovery 2) China is set to outgrow the United States in 5 years instead of 10 years 3) BABA is severely undervalued 4) BABA will rekindle a relationship with the Chinese gov and an ANT IPO will most likely play out 5) Big money is flowing into China as a safe haven.
NYSE:BABALong
by Nirvana_Investment
ALIBABA Best time to buyPattern: Bullish Megaphone on 1D. Signal: Buy as the 1D MACD has formed a sequence that since November 2018 designated the bottom. Buy if the Jan 20 High breaks or on the 0.5 Fibonacci retracement level. Target: 310 (just below the current Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> michaelzerna --------------------------------------------------------------------------------------------------------
NYSE:BABALong
by TradingShot
2