ALI BABA EXPECTED TO MOVE DOWNSIDEALI BABA : NEAR STRUCTURAL RESISTANCE.
In daily time frame, we can see market is moving in a clear downtrend structure.
The recent lower high is at 125$ which can act as a Major Structural Resistance for the market.
Market is expected to continue its downtrend in upcoming sessions.
If resistance of 125$ manages to hold the market, we can see the levels of 85$ per share in near future.
If Market will break the level of 125$ per share, a new Bullish trend will start in a market.
There are chances market may test the key levels of 85$ in upcoming sessions.
BABAF trade ideas
BABA Nears Major Resistance, Short Sell PotentialTake a look at this beautiful chart.
We are looking at the BABA chart on the Daily TF.
Let's start out at the bottom of this chart where you can see the first measured move (purple measurement), which moved 36.30 points.
Then, notice that the second measured move (blue measurement), if we extend it up to 36.30 points, it takes you up to the yellow line.
The Yellow Line is a gap fill and with price action moving up, it will act as a resistance point.
Charts, (and humans) generally repeat past actions, this means that our possible target is around the 121 level.
Since gap fill is right at the 121 level and is coinciding with a measured move, this will be a great pull back level.
BABA will be closely monitored for movement in the next couple of days and this Idea will be updated if something in the chart changes.
What do you think will happen to BABA next?
Let me know in the comments.
Cheers,
p.s. this is not advice, it is just an opinion and what I see when looking at this chart.
Ascending TriangleNeutral until broken.
The white line is a measure of a 100% fall from the very old Head and Shoulders pattern that BABA formed eons ago.
It is possible for price to fall more or less than 100%.
The white line is a measure from the neckline to the head of this pattern. This has tried to turn up almost exactly at the bottom of the white line!
Unbelievable but price must have memory.
That does not mean price can not go lower. I just thought that was worth noting.
The H&S is way, way, way up there!
The H&S pattern is easier seen on weekly so I will post a weekly chart below.
No recommendation.
BABA technicalsBABA is up +91% from its October 24th, 2022, low of $58 to a close of $111 today, January 9th, 2023. BABA is a high probability short now based on this technical analysis. On the BABA 1 day chart, pi RSI is getting overbought and TTCATR(beta) closed at the top of its main resistance level. Here's BABA technical levels on the 1 day chart:
SMA200 = $91.82
VWMA 20 TTCATR(beta):
top = $112.20
R3 = $106.28
R2 = $100.35
R1 = $94.42
pivot = $88.50
S1 = $82.57
S2 = $76.65
S3 = $70.72
bottom = $64.80
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$BABA: Long if breaking up...Alibaba has a nice potential setup here, which could trigger if we break over last week's high here. Stop can be tight as the move should have strong momentum. Reward to risk is over 4.43R, which is tremendous potential for a swing trade here. If it breaks down instead of up, this trade idea is cancelled, but we could find a short entry trigger, depending on how it moves this week.
Best of luck!
Ivan Labrie.
Alibaba (BABA) Update - 1/5/2023Alibaba Rose 13% yesterday amid news of Chinese regulators' approval to raise $1.5 B in its consumer finance unit. Of course, this is positive news for this stock.
The rally will likely continue until the stock breaks its resistance level of $105/share in the next couple of months before it tries to fill the gap caused by yesterday's rally.
Ps. This is not an investment Advice.
Alibaba:Spotted Inverted Head& ShoulderAlibaba:Spotted Inverted Head & Shoulder in 4H time frame chart.
Downtrend structure has also broken. It started forming uptrend structure.
After forming inverted head and shoulder, currently market is trading near support zone of 85$.
A bullish movement is expected, upto the level of 106$.
One may take the long position at current market price, market may test the resistance levels of 106 in upcoming sessions.
On lower side market may test the levels of 74$.
Alibaba Analysis 04.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
BABA BROKE A DOWNWARD TREND LINE AND HAS SOME UPSIDE ROOM TO RUNThe analysis shows a downward trend line that got broken along with a volume profile.
There is a huge horizontal volume support line at 84$/per share.
The lower support is 70$/per share.
The Resistant volume is 122$/per share.
The Price is still below the 200DayEMA and just above the 100DayEMA so this might go into a squeeze, meaning volatile price movements and possibly hold the100DayEMA.
My prediction is that it's going to at least move back up to a Price range around the 122$/per share mark.
It's worth keeping an eye on $$$$
BABA Double TOP Bearish Outlook Bullish Indications
* Making HH and HL but no consistency
* Inverted green hammer candlestick
* Support = 86 Resistance = 89
โจ
Bearish Indications
* Three red soldiers
* Support = 86 Resistance = 89
* Double top chart pattern : Neck line = 86
Bias = Short
Plan
Entry @ 85.95
TP @ 84
SL @ 89
BABA 3/21/22BABA
Easy trade here.
Price is in existing downtrend.
Price was in a sideways range between 110 thru 130.
Price broke down from range and has pulled back to previous support and looking to turn it into resistance.
Price is also currently looking to reject 50ema and is at 0.50 Fib level.
Price is at area of value. This is my cue to enter trade short.
Will be entering trade short. Price heading to all time low.
Entry: 108.17
Stop Loss: 116.72
Target: 59.50
ALIBABA Rejected on a huge Resistance cluster. Levels to watch.The Alibaba Group (BABA) is pulling back after being rejected not just on the 1D MA200 (orange trend-line) but also at the top (Lower Highs trend-line) of the Falling Wedge pattern holding since the October 20 2021 High.
This is a huge Resistance cluster as the RSI on the 1W time-frame also got rejected near its 54.00 Resistance. Technically, if the 1D MA50 (blue trend-line) breaks, the stock can test the 58.15 Support, even make a Lower Low on the -0.136 Fibonacci extension.
The MA trend-line that has been unbroken the longest (since February 25 2021) is the 1W MA50 (red trend-line). As a result, if the price breaks above, naturally it will be a break above the 1 year Falling Wedge too, it should restore the bullish trend on the long-term. The first target in that case will be the previous High at 126.20.
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Alibaba (BABA) Update 12/20/2022
Stock may have shown a loss of momentum after it started an upward trend in October this year.
ALMA11
ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of rejection happens.
Alibaba Analysis 19.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis: