BABA stock price forecast analysis by pretiming01-Jul NYSE:BABA
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
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D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -1.3% (LOW), -0.7% (CLOSE)
%AVG in case of rising: 1.8% (HIGH) ~ -0.6% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -2.6% (LOW), -1.8% (CLOSE)
Babasell
Elliott Wave View: Alibaba Has Started the Next Leg LowerShort term Elliott Wave view in Alibaba (BABA) shows an incomplete sequence from May 4, 2019 peak. The decline from there can either unfold as a zigzag or impulsive Elliott Wave structure. We use the impulsive structure as the chart below shows that the rally to $183.44 ended wave ((2)). This means, Alibaba is now within wave ((3)) lower. In Elliott Wave Theory, wave ((3)) is typically the strongest and longest wave in impulse structure.
Wave ((3)) is currently in progress as an impulse Elliott Wave structure where the stock is ending wave (1) of ((3)). Down from $183.44, wave 1 ended at $173.32, wave 2 ended at $180.24, wave 3 ended at $160.02, and wave 4 ended at $165.58 Another leg lower should end wave 5 of (1). The stock should then bounce in wave (2) to correct cycle from May 15, 2019 high before the decline resumes. We don’t like buying the stock and expect any rally to fail in 3, 7, or 11 swing for further downside as far as bounce stays below $183.48. A conservative target where the 3 swing from May 4, 2019 peak reaches equality comes at $149.7 – $156.2.
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....
BABA SHORT OPPORTUNITY Alibaba stock MIGHT have entered its consolidation channel after that majestic 1 year Bull run. I see a good set up/entry with that bear flag forming on the 1H. The RR is really to take the risk on this trade. As usual if you have nothing constructive to add, keep the negativity out.
Trade Safe!!
Long BABA @ daily @ new all-time high 2017 only question of timeTake care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron