Good day, traders!
We're looking into a possible sell setup for $Alibaba(BABA.US)$
And this is why:
1.) The price has been in an descending trend on the daily chart since the beginning of August 2020 to date.
2.) The price is currently trading at a all time low since 2016 around the 80.99 levels
3.) It's at the 127.2% Fibonacci extension where we might expect some reversal
4.) But the overall fundamental and technical view is that prices of Alibaba might drop further if it ...

Hello guys!
We're looking at a potential sell setup for $BABA-SW(09988.HK)$
And here is why:
1.) On the daily chart, the price has already been in a descending trend since the beginning of July 2022 to date
2.) Price is now testing a key level at 79.80 where the previous swing low in May 2022 sits- prices have fallen about 42% since Jan 2022
3.) There might be some potential pull back to catch the bearish momentum with a potential sell entr...

Hey fellow investors! I have brought another trade here today $BABA-SW(09988.HK)$
On the H4, with prices moving above the ichimoku indicator, there is a bullish bias that price will rise from buy entry at 97.2 where the 50% fibonacci retracement and overlap support are to the take profit at 109.8 in line with swing high resistance. Alternatively, price could break entry structure and bearish momentum will carry price to stop loss at 100% fibonacci projection and swing low sup...

Hey guys!!! I have another setup today $BABA-SW(09988.HK)$
On the H4, prices are moving above the ichimoku cloud, giving us a bullish bias that prices will rise from buy entry at 106.0 where the overlap support and 23.6% fibonacci retracement are to the take profit at 119.6 in line with swing high resistance, 78.6% fibonacci projection and 161.8% fibonacci extension. Alternatively, prices could break entry structure and I would expect bearish momentum to carry prices to stop los...

Hey investors!! I have another setup for you guys to look at $BABA-SW(09988.HK)$
On the H4, MACD is moving in a bullish momentum which gives me a bullish bias that prices will rise from my buy entry at 92.30 where my 38.2% fibonacci retracement and pullback support are to my take profit at 102.05 in line with my swing high resistance and 61.8% fibonacci retracement.
Alternatively, prices could break entry structure and head for stop loss at 79.95 where my swing low support and...