Alibaba - Trump Won't Beat This Stock!

12 de nov.

Alibaba (BABA) is bullish despite Trump's presidency:



Click chart above to see the detailed analysis👆🏻

Two months ago, Alibaba pumped 30% within a couple of days, perfectly following the resistance trendline breakout. So far we saw a rejection of the upper resistance level and it is quite likely that Alibaba will retest the breakout area. However, the underlying price action is still bullish.

Levels to watch: $80, $115

Keep your long term vision,
Philip (BasicTrading)

18 de nov.

Trade ativo

Trading update on Alibaba (BABA):



Click chart above to see the detailed analysis👆🏻

Alibaba is again perfectly following market structure and dropping back to the previous breakout level. We could still see a move lower of about -10% before buyers might step back in. Looking at fundamentals is not good since technicals and price action are always ahead of news.

Levels to watch: $80, $115

Keep your long term vision,
Philip (BasicTrading)

20 de nov.

Trade fechado: objetivo atingido

Trading update on Alibaba (BABA):



Click chart above to see the detailed analysis👆🏻

It is almost unbelievable how Alibaba is respecting every level, if you are just looking at the higher timeframes. Being down about -12% this month, Alibaba is slowly approaching the bullish reversal level so if you actually went short at the previous resistance, it might be time to start closing partials.

Levels to watch: $80, $115

Keep your long term vision,
Philip (BasicTrading)