Alibaba Group Holdings Ltd.
Long
Aktualisiert

Alibaba - A remarkable reversal!

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🛒Alibaba (BABA) reversed exactly here:
Snapshot

🔎Analysis summary:
Recently Alibaba has perfectly been respecting market structure. With the current bullish break and retest playing out, there is a very high chance that Alibaba will rally at least another +20%. But all of this chart behaviour just looks like we will witness a major bottom formation soon.

📝Levels to watch:
$110, $135

🙏🏻#LONGTERMVISION
Philip - Swing Trader
Trade ist aktiv
🛒Alibaba (BABA) nicely plays out:
Snapshot

🔎Analysis summary:
After nicely rejecting the previous major horizontal level, Alibaba is now simply heading higher. This turns out to be a textbook bullish break and retest within the underlying uptrend. Alibaba could still reverse though so risk management remains super important.

📝Levels to watch:
$135

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade geschlossen: Ziel wurde erreicht
🛒Alibaba (BABA) perfectly follows structure:
Snapshot

🔎Analysis summary:
Alibaba just closed the month of July with a nice bullish reversal candle, perfectly respecting support. Alibaba is still just following its bullish break and retest and after sufficient bullish confirmation, Alibaba created a bottom and will head much higher.

📝Levels to watch:
$135

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

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