Alibaba - This Chart Speaks In Money!

21 Apr

Alibaba (BABA) prepares for a significant pump:



Click chart above to see the detailed analysis👆🏻

Basically since Alibaba was listed on the NYSE, it always perfectly respected market structure. With the recent rejection away from the key neckline, Alibaba is now creating a bullish break and retest. After bullish confirmation, this forms a bottom and we might see new all time highs.

Levels to watch: $110, $140

Keep your long term vision,
Philip (BasicTrading)

29 Apr

Dagangan aktif

Alibaba - BABA - perfectly follows the analysis:

(click chart above to see the in depth analysis👆🏻)

With a significant rejection wick of about -25% in April, Alibaba managed to recapture the super important horizontal structure. However we still have to see the creation of bullish confirmation before Alibaba is finally ready to continue with its overall bullrun.

Levels to watch: $110, $140

Keep your long term vision!
Philip (BasicTrading)

7 Mei

Dagangan ditutup: sasaran tercapai

Alibaba - BABA - is perfectly playing out:

(click chart above to see the in depth analysis👆🏻)

Please just take a look at the significant rejection wick of about +30%, which Alibaba created in April. This is a clear sign that buyers are taking over again and Alibaba is heading for much higher prices. The bullish break and retest can still perfectly play out.

Levels to watch: $110, $140

Keep your long term vision!
Philip (BasicTrading)