Alibaba Group Holdings Ltd.
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Alibaba - Another textbook swingtrade!

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🚀Alibaba (BABA) creates another break and retest:
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🔎Analysis summary:
Just a couple of months ago, Alibaba retested a major horizontal resistance. And with the recent expected rejection of about -30%, Alibaba is creating another bullish break and retest. Give it some time but Alibaba looks like it is about to start another bullrun.

📝Levels to watch:
$130

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Сделка активна
🚀Alibaba (BABA) is starting to reject support:
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🔎Analysis summary:
Well, just a couple of days after I published the original analysis, we are starting to see some rejection on Alibaba. Alibaba did not create any bullish confirmation yet but it might happen quite soon. Prepare yourself for another parabolic bullrun here.

📝Levels to watch:
$130

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Сделка закрыта: достигнута тейк-профит цена
🚀Alibaba (BABA) just sliced through the level:
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🔎Analysis summary:
Well, well, well, without any bullish confirmation, Alibaba just immediately broke below the support area. Now it just comes down to how this monthly candle will close but so far it looks ugly. Next clear support is about 15% lower and Alibaba is currently heading there.

📝Levels to watch:
$130

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

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