Alibaba (
BABA) still remains super interesting:
Click chart above to see the detailed analysis👆🏻
After we saw the very expected parabolic rally on Alibaba about four months ago, Alibaba is now perfectly retesting major previous structure. Yes, we could see a short term pullback in the near future but this just offers a perfect break and retest after the rounding bottom pattern.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
BABA) still remains super interesting:Click chart above to see the detailed analysis👆🏻
After we saw the very expected parabolic rally on Alibaba about four months ago, Alibaba is now perfectly retesting major previous structure. Yes, we could see a short term pullback in the near future but this just offers a perfect break and retest after the rounding bottom pattern.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Alibaba (BABA):Click chart above to see the detailed analysis👆🏻
The chart of Alibaba still remains textbook and as anticipated a couple of days ago, we now perfectly saw the bearish rejection away from the major horizontal resistance. It would be best to wait for volatility to calm down, but the bullish break and retest remains valid.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Alibaba (BABA):Click chart above to see the detailed analysis👆🏻
Being down about -20% in April so far, Alibaba is clearly suffering from the overall stock market weakness. However depending on the monthly candle closure, this can still very well turn into a bullish break and retest with the next major bullrun starting thereafter.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.