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Babalong

Elliott Wave View: Short Term Bullish in AlibabaShort Term Elliott Wave view in Alibaba is bullish with the rally from February 8, 2019 low ($163.58) unfolding as an impulse. Furthermore, the cycle starting from January 23, 2019 low has not reached 100% target, thus still favoring further upside. Near term, rally from Jan 23 low to $171.05 ended wave ((i)) and pullback to $165.09 ended wave ((ii)). Wave (( iii )) ended 187.45 peak. Up from $165.09, wave (i) ended at $172.68, wave (ii) ended at $169.8, wave ( iii ) ended at $183.72, and wave (iv) ended at $178.71. Wave (v) unfolding as an ending diagonal which ended at 187.45 peak. Below from there, the stock should now pullback in wave ((iv)) to correct cycle from Feb 19, 2019 low in 3, 7, or 11 swing before the rally resumes. As far as pivot at $165.09 stays intact, favor more upside in Alibaba in near term.
NYSE:BABALong
by Elliottwave-Forecast
NYSE:BABA: Let's see where it ends upHi All, Hope all your trades are going well. Posting this chart because I see buying oppotunity for NYSE:BABA Entry NYSE:BABA: Exponential Moving Average (200) 122.09 The current RSI is showing close to being oversold, and starting to create a falling wedge Shortterm I expect the price to pullback, in a bearish breakdown There is a possibility that BABA has bullish reversal however, I will be patient for the trade to come to me instead of chasing it Please let me know what you think because this could go the complete opposite of what the chart shows Objectively still bullish on NYSE:BABA Be sure to follow me and like this post if it was helpful, and thank you all. Like the Phoenix we will rise from the ashes Happy trading People....
NYSE:BABALong
by letsgetit
BABA is showing signs of lifeWith respect to the tradingview community there are several instances when the majority of opinions on any given security are sell when it is probably time to buy and vice versa. In my humble opinion the former scenario is in play as far as BABA is concerned, short term at least. We see a loosely formed inverse head and shoulders (there is not a clear right shoulder but price action may qualify) with an upward sloping neckline (very bullish), as well as renewed volume coming into the stock, and the Awesome Oscillator showing that a trend reversal may be happening as of now. In roughly 1-2 weeks time we will have more data to analyze, lets see what happens.
NYSE:BABALong
by TNasr
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