Alibaba - The Bleeding Is Over

١٣ أغسطس

BABA dropped roughly -75% after it broke the long term trendline towards the downside back in 2021 before it found some strong support at a previous horizontal support level.



Click chart above to see detailed analysis👆🏻

Bulls are still not giving up on Alibaba and after the strong retest and reversal of the all time low back in 2022, Alibaba managed to consolidate and stop the agressive downtrend. If Alibaba actually manages to break back above the confluence of resistance, this stock is actually back to a bullish market and we could see the beginning of a new uptrend and maybe even new all time highs.

Levels to watch: $81

Keep your long term vision,
Philip - BasicTrading

٢٠ أغسطس

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Quick update on Alibaba:

Alibaba is attempting a long term bullish breakout after being up about +15% over the past two months. Now it is time for bulls to step in and push Alibaba stock above the current confluence of resistance. Then we can see a major bullrun emerging.

Levels to watch: $85, $115



Click chart above to see the detailed analysis👆🏻

٤ سبتمبر

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Trading update on Alibaba (BABA):



Click chart above to see the detailed analysis👆🏻

Nobody is currently talking about China stocks which means that a technical bullish breakout could lead to a sustainable move higher. This could also be the beginning of a major bullish trend, heading back to the next resistance level and maybe even beyond.

Levels to watch: $82, $115

Keep your long term vision,
Philip (BasicTrading)

١٠ سبتمبر

تم فتح الصفقة

Trading update on Alibaba (BABA):



Click chart above to see the detailed analysis👆🏻

Alibaba has been trading sideways for more than 2 years - a perfect time to create a rounding bottom followed by a bullish trend reversal. The current confluence of resistance is still pushing Alibaba lower, but it is very likely that Alibaba will break out higher soon.

Levels to watch: $85, $115

Keep your long term vision,
Philip (BasicTrading)