Based on my Elliot Wave analysis of NYSE:BABA , it appears that the stock has been following a corrective pattern since its inception, with the peak occurring during the 2020 bull run. Since then, it has been in wave B, currently progressing into subwave C of wave B. The trend is strongly bearish, indicating a downtrend. I anticipate wave B to conclude around...
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...
The Price Target for BABA Alibaba is $135. All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth! Traders are expecting the Chinese government would support the stock market like the FED did in the US.
BABA almost touched my $98 price target from this post: My forecast is a reversal to $116 level before dropping to the 2016 area of $86. You can spot the bearish trendline in the chart. Looking forward to read your opinion about BABA.
If you haven`t sold BABA here, when i warned you about the additional American depositary share registration in the U.S. that was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake. Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake. Then you should know...
Additional American depositary share registration in the U.S. was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake. Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake, The can drop to the $109 support, if not even lower. Looking forward to read your...
BABA looks to be in real trouble here and most likely will land around $84 long term to finish the massive H&S pattern
I have noticed a lot of bullish sweeps lately trying to guess the bottom here. There is a descending wedge forming on the weekly chart that has become an issue if it continues to drop under the buy zone that I have set below. My buy zone is based on the retracement level that coincides with the highs in 2018. As these sweeps kept coming in, the 2022 LEAPS caught...
BABA is still under resistance $269. Wait for the triangle BREAKTHROUGH and SELL—TP around $246. If we go higher, BUY above $270 with a retest. LEVELS BUY: $244 $227 $217 STRONG BUY
I think that the pandemic disaster we are in will continue for a long time and there will be a collapse in the markets on a global scale, in this context, I expect a structure in the stock as I stated in the chart.. The pattern I draw in the chart can be seen in many stocks, I think the second wave of sales will be more devastating, we will wait and see.. ...
Hey everyone, here's the analysis on BABA, if you find this idea insightful, leave us a like and comment on stock ideas you look forward to next! Summary: Strong drop from our resistance zone and trend line, current price could push lower to our S1 zone. Action: Sell Limit: 203.00 Stop Loss: 220.00 Take Profit: 188.00 Analysis: Strong resistance zone at...
BABA bounced off 215.12 where it could potentially rise further to 230.40. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA bounced off 214.19 where it could potentially rise further to 224.65. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA reversed off its resistance at 200.81 where it could potentially drop further to 169.78. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA reversed off its resistance at 194.12 where it could potentially drop further to 169.78. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA is expected to drop to 1st support at 192.55 where it could potentially react off and up to 1st resistance at 171.14. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA expected to rise up to 1st resistance at 192.55 where it could potentially react off and drop down to 1st support at 171.14. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BABA is approaching its resistance at 183.52 where it is could reverse down to its support at 169.26. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.