SG Stock MarketDetailed Quotes
DAJW Alibaba 5xShortSG230330
- 0.105
- 0.0000.00%
10min DelayNot Open Nov 4 13:00 CST
0.000High0.000Low
0.000High0.000Low0Volume0.000Open0.105Pre Close0.00Turnover3.70052wk High0.00%Turnover Ratio0Shares0.04652wk Low--EPS TTM0Float Cap3.700Historical High--P/E (Static)0Shs Float0.046Historical Low--EPS LYR0.00%Amplitude--Dividend TTM--P/B100Lot Size--Div YieldTTM
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 ...
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...
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...
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...
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...
On the H4, with MACD moving in a bullish momentum, giving me a bullish bias that price will rise from the buy entry at 90.90 where the pullback support is to the take profit at 102.30 where the swing high resistance, 100% fibonacci projection and 50% fibonacci retracement
Alternatively, prices could break entry structure and drop to stop loss at 79.90 where the swing low support and 61.8% fibonacci proje...
On the H4, prices are moving below the ichimoku indicator, giving me a bearish bias that prices will drop from sell entry at 90.90 where the 38.2% Fibonacci retracement, 61.8% Fibonacci projection and swing high resistance are to my take profit at 79.70 in line with the swing low support. Alternatively, prices may break entry structure and rise to the stop loss at 102.00 where 100% Fibonacci projection, 61.8% Fibon...
On the H4, with the price reversing off the ichimoku resistance, I have a bearish bias that price will drop from my sell entry at 90.90 in line with horizontal swing high and 23.60% Fibonacci retracement to my take profit at 79.70 where my horizontal swing low is. Alternatively, price may break entry structure and move to stop loss at 95.95 where my 38.2% Fibonacci retracement and pullback resistance is....
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