hi Traders,
Let's have a look at BABA.
Alibaba (BABA) appears to be approaching the end of its correction phase within a well-defined ascending channel. Based on the current price action and technical setup, we believe now is a good time to begin dollar cost averaging into this stock.
Our identified buy zone lies between $108 and $100, where price intersects the lower trendline support and key EMAs (20/50/100/200). This area offers a strong risk-reward setup for medium- and long-term investors.
The mid-term target for this trade is $160, which aligns with the upper channel resistance and previous price structure. However, from a long-term perspective, we anticipate that BABA will resume its growth trajectory and eventually surpass its previous all-time highs.
Supporting this idea, the RSI is stabilizing in neutral territory, suggesting that momentum is resetting and may shift bullish as price finds support.
Summary:
🔁 Strategy: Dollar cost averaging
🟩 Buy zone: $108 – $100
🎯 Mid-term target: $160
🚀 Long-term view: Return to growth and new ATH
📉 Correction nearing completion; bullish structure remains intact
This setup offers an attractive entry point for patient investors aiming to ride the next major upside cycle in Alibaba.
Let's have a look at BABA.
Alibaba (BABA) appears to be approaching the end of its correction phase within a well-defined ascending channel. Based on the current price action and technical setup, we believe now is a good time to begin dollar cost averaging into this stock.
Our identified buy zone lies between $108 and $100, where price intersects the lower trendline support and key EMAs (20/50/100/200). This area offers a strong risk-reward setup for medium- and long-term investors.
The mid-term target for this trade is $160, which aligns with the upper channel resistance and previous price structure. However, from a long-term perspective, we anticipate that BABA will resume its growth trajectory and eventually surpass its previous all-time highs.
Supporting this idea, the RSI is stabilizing in neutral territory, suggesting that momentum is resetting and may shift bullish as price finds support.
Summary:
🔁 Strategy: Dollar cost averaging
🟩 Buy zone: $108 – $100
🎯 Mid-term target: $160
🚀 Long-term view: Return to growth and new ATH
📉 Correction nearing completion; bullish structure remains intact
This setup offers an attractive entry point for patient investors aiming to ride the next major upside cycle in Alibaba.
Dagangan aktif
BABA reached the upsloping support. 
💥 Free signals and ideas ➡ t.me/vfinvestment
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
💥 Free signals and ideas ➡ t.me/vfinvestment
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.