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)
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)
Transaction en cours
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)
Trade fermée: cible de profit atteinte
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)
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#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.