Alibaba - Retesting a massive support level!

🎉Alibaba (BABA) is soon reversing much higher:

🔎Analysis summary:

Basically since its listing back in 2015, Alibaba has overall been trading totally sideways. But since 2022, Alibaba also managed to establish a shorter term uptrend. With the current retest of major support, Alibaba could finally start its next parabolic bullrun much higher.

📝Levels to watch:

$100

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

交易开始

🎉Alibaba (BABA) was just cut in half:

🔎Analysis summary:

Over the course of the past six months, Alibaba was simply cut in half by bears. And with this monthly candle, Alibaba also broke all major support without any rejection. We have to wait for the monthly candle closure but some major damage was being done.

📝Levels to watch:

$100

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

交易结束：到达目标

🎉Alibaba (BABA) is still not ready yet:

🔎Analysis summary:

During the month of June, Alibaba completely collapsed and moved about -25% lower. Looking at the higher timeframe Alibaba also broke below major support without hesitation. Either this turns into a fakeout or we have to wait for the next clear support.

📝Levels to watch:

$100

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

TheTraderPhil

#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.8K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD

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TheTraderPhil

#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.8K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD