The green zone is long term support. The Pitchfork projects path of price, on a Pendulum Swing basis. The sliding parallel (white) marks the overshoot and projected support. As we see, the steep down sloping yellow dotted resistance line was broken 5 weeks ago. But that's no reason to rush in. Why not wait for more facts? Do we have facts now? Yes, we have....
Technically short Fundamentals long I short Baba! Cuz fundamentals are manipulated, and news are made by insiders and old. I keep it simple. But profitable and effective.
This Idea is part II to the previously published BABA idea using Wyckoff's accumulation method. This idea includes the identification of the different Wyckoff accumulation phases and the characteristic accompanying volume analysis. All information is on the chart! NQdecipher
Here is another chance to open a new positions in NYSE:BABA since we are in a strong demand zone and it is going to react with this price zone Also it is making a Double bottom in this range same as the range in March and the target for short term is as shown on the chart as well my final target for long term is in 165 ranges
NYSE:BABA This looks bearish, close below horizontal line, lots of call buyers today, wait for a close above the line to jump in and know your stop.
based on the price pattern has been formed in the last 3 years, the most likely scenario is what is shown by the blue line marked on the chart. due to the last move of the price and disability to catch the Last High which is marked by the orange line, market structure hasn't changed and downtrend is still continuous. so i'm expecting a new low and all of the...
BABA inverse H&S on weekly chart. Entry 122, target at 159. Stop loss is 79.48
Alibaba looks bullish as we expect the chart to form a double bottom pattern. We expect it to rebound from the strong resistance levels. There is also a bullish cross-over on the MACD line. Risk-reward ratio is 10.64. Entree price at 81.74 Taking profit at 120.06 Stop loss at 78.05
Are you still waiting for lower prices ? Buying lows from 2016 was not cheap enough for you? Baba created higher lows structure on weekly. Looks mega bullish. Expecting more upside soon Target 1: 170 $ target 2: 200 $ Stop loss: 76,50 $
- BABA potential Weekly / monthly inverse H&S shaping up - need to form weekly uptrends first - 4h EMA 12 short term uptrend guide.
Baba Coming back to 100 Stay Profitable do not add to losers be patience HAVE A GOOD WEEKEND !!!
H&S setup for Alibaba in key zone Great area to start entering slowly with a lot of great areas to have TPs Easy invalidation at next shoulder, and if more risk averse under head. Cheers.
Support in gray box isnt only valid support. Generally just looking for the next shoulder to form, but this might already be a good entry area. This would be a beautiful HnS and the breakout could take us far. Keep a lookout for where else the shoulder may form, break gray bos and shoulder can still form lower, hard invalidation is if we get new lows below 'head'.
Potential bullish chart formations! The same patterns are seen with Baba. Not investment advice and do your own due diligence!
BABA appears to be in an expanding diagonal on the HTF. Would expect the 5th to start after 1 more dip to bring the bears back only to slaughter them later.
BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140 We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA We also see a massive spike in the ADX implying a very strong...
BABA stock has been in a long-term downtrend. We're expecting the price to continue droping as it looks like it got rejected from the downsloping resistance line on the weekly timeframe. What we can see on the chart is a pattern called a falling wedge. Most likely the price will revisit $60 or lower but eventually we expect the breakout in Q2 or Q3 2023. How...
As mentioned in the previous analysis, Alibaba is in a large diametric that we are currently making the last part of the G wave. A contracting reverse triangle which wave D is completing. After another decline as E wave, one can think of targets above $200 as wave C