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$Alibaba(BABA.US$ was trading in a falling wedge pattern as shown in Fig. 2. The Downtrend line 1 provided dynamic resistance. But the RSI was showing a bullish divergence with higher lows. Then it broke out of the falling wedge. The high volume confirmed the breakout. This shows short-term bullishness.
Alibaba may rise to resistances around 105.05 and 129.40 (which stretched back to Apr 2022) as shown in Fig. 3.
Fig. 4 shows the weekly chart for Alibaba. The 105.0...
Alibaba may rise to resistances around 105.05 and 129.40 (which stretched back to Apr 2022) as shown in Fig. 3.
Fig. 4 shows the weekly chart for Alibaba. The 105.0...
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On 12 March 2024, we saw that Chinese stocks were rallying after Beijing concluded its annual parliamentary meeting with a 5% GDP growth target. Consumer price growth accelerated, potentially signaling a rebound in consumer spending.
We saw that $Alibaba(BABA)$ $JD.com(JD.US$ $PDD Holdings(PDD.US$ reacted positively to the news. But now we need to ask ourselves whether these ecommerce stocks would continue its upside rally since t...
We saw that $Alibaba(BABA)$ $JD.com(JD.US$ $PDD Holdings(PDD.US$ reacted positively to the news. But now we need to ask ourselves whether these ecommerce stocks would continue its upside rally since t...
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$Alibaba(BABA.US$ reported first-quarter revenue on 10 Aug 23 (Thursday) which beat estimates as consumer sentiment improved from the same time a year earlier when there were strict pandemic-related lockdowns.
Revenue was better at 234.16 billion yuan ($32.29 billion) compared to Refinitiv estimate of 224.92 billion yuan. This latest revenue figure shows a significant improvement from flat to 3% growth in the past four quarters.
In this ar...
Revenue was better at 234.16 billion yuan ($32.29 billion) compared to Refinitiv estimate of 224.92 billion yuan. This latest revenue figure shows a significant improvement from flat to 3% growth in the past four quarters.
In this ar...
![[TA] Why We Should Buy Alibaba (BABA) Now After Earnings](https://sgsnsimg.moomoo.com/feed_image/101760671/d154376c4ef333848af5a63db0a6b1c5.jpg/thumb)
![[TA] Why We Should Buy Alibaba (BABA) Now After Earnings](https://sgsnsimg.moomoo.com/feed_image/101760671/52c97acc0ece37b2b6192bbddc8cdf1a.jpg/thumb)
![[TA] Why We Should Buy Alibaba (BABA) Now After Earnings](https://sgsnsimg.moomoo.com/feed_image/101760671/e4364d750dfe30e79713ac0482aa8a6f.jpg/thumb)
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$Alibaba(BABA.US$ is scheduled to release its FQ1 2024 report on 10 Aug 2023 (Thursday) before the market open.
Alibaba have been trading volatile prior to its earnings. After experiencing astronomical sales growth during 2020-21 due to a COVID-induced pull forward in demand, Alibaba has struggled for topline growth in recent few quarters.
The impact from China's ongoing economic woes and regulatory crackdown on the tech sector has ...
Alibaba have been trading volatile prior to its earnings. After experiencing astronomical sales growth during 2020-21 due to a COVID-induced pull forward in demand, Alibaba has struggled for topline growth in recent few quarters.
The impact from China's ongoing economic woes and regulatory crackdown on the tech sector has ...
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@BABA Sports a bullish RS
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I spend 3y learning this and that but this time i just follow price
i can see $Alibaba(BABA.US$ pop up a falling wedge and now retest the breakout
if it takes out yesterday high ! all i can see is 120 ish which will be the inverse H/S partern
once break out 170 will be my target
i can see $Alibaba(BABA.US$ pop up a falling wedge and now retest the breakout
if it takes out yesterday high ! all i can see is 120 ish which will be the inverse H/S partern
once break out 170 will be my target
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It is also recommended to use more than one indicators to verify if the price reversal signal is not false alarm and justify with market reality.
Limitations of the RSI
1. The RSI compares bullish and bearish price momentum and displays the results in an oscillator placed beneath a price chart. Like most technical indicators, its signals are most reliable when they conform to the long-term trend.
2. True reversal signals are rare and can be d...
Limitations of the RSI
1. The RSI compares bullish and bearish price momentum and displays the results in an oscillator placed beneath a price chart. Like most technical indicators, its signals are most reliable when they conform to the long-term trend.
2. True reversal signals are rare and can be d...
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BABA has a potential to reach higher at its ATH sooner.
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LEng LEng : Thanks for sharing your TA @bullrider_21
bullrider_21OP LEng LEng: Glad to share @LEng LEng