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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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.