Alibaba - This was just the obvious bottom!

14 May

Alibaba - BABA - will head much higher:

(click chart above to see the in depth analysis👆🏻)

Ever since Alibaba actually retested the previous all time low in 2022, we have been able to see the textbook creation of a rounding bottom formation. Even the recent break and retest was perfectly playing out and if Alibaba confirmes the potental breakout, a rally of +50% will most likely follow.

Levels to watch: $140, $220

Keep your long term vision!
Philip (BasicTrading)

22 May

İşlem aktif

Alibaba - BABA - still remains quite bullish:

(click chart above to see the in depth analysis👆🏻)

Yes, Alibaba is currently just creating a lot of volatility on the smaller timeframe. But no, this does not mean that the bullish trend is already over. Rather the opposite is the case and Alibaba still respects the break and retest and the overall bullish continuation higher.

Levels to watch: $140, $220

Keep your long term vision!
Philip (BasicTrading)

30 May

İşlem kapandı: hedefe ulaştı

Alibaba - BABA - is heading back to support:

(click chart above to see the in depth analysis👆🏻)

Well well well, Alibaba is once again heading for another higher timeframe retest of the previous strong support area. This is not a bearish sign at all but rather a second opportunity to create bullish confirmation. Therefore the overall break and retest remains valid.

Levels to watch: $110, $140

Keep your long term vision!
Philip (BasicTrading)