Alibaba (BABA) has been in a long-term downtrend that began in October 2020. In the medium term, however, the price has entered a phase of compression, suggesting a possible pause or reversal of the trend.
Analyzing the volumes using the Volume Profile, we can see that the price is currently caught between two key Points of Control (POC):
POC 1: A significant volume level that considers the entire historical data of the stock, located around the $80 area.
POC 2: A medium-term POC that reflects the current phase of compression.
Bullish Scenario:
To consider a potential bullish scenario, it will be necessary to wait for the price to reach POC 1, located around the $80 area, followed by a breakout and a possible retest of the descending trendline. The first significant resistance and target for this bullish scenario is around the $120 area.
Bearish Scenario:
For a continuation of the downtrend, it is important to monitor the price in relation to the two POCs. If the price drops below both levels and breaks the ascending line, with a possible retest, we could see an extension of the downward movement.
Analyzing the volumes using the Volume Profile, we can see that the price is currently caught between two key Points of Control (POC):
POC 1: A significant volume level that considers the entire historical data of the stock, located around the $80 area.
POC 2: A medium-term POC that reflects the current phase of compression.
Bullish Scenario:
To consider a potential bullish scenario, it will be necessary to wait for the price to reach POC 1, located around the $80 area, followed by a breakout and a possible retest of the descending trendline. The first significant resistance and target for this bullish scenario is around the $120 area.
Bearish Scenario:
For a continuation of the downtrend, it is important to monitor the price in relation to the two POCs. If the price drops below both levels and breaks the ascending line, with a possible retest, we could see an extension of the downward movement.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。