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Analysis: #NYSE $BABA

Case 52 #Alibaba Group Holdings Ltd

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#BABA 1/6
Since peaking in June 2018 Alibaba has been trading in a $60 range. The long term remains bullish while the short term is the neutral.

BABA 2/6
Chart 1
Monthly Chart: Two levels dictate activity: A break/close above 197.62 is required to for further gains above the current all time high of 211.70. ......

BABA 3/6
.... A break/close below 149.26 will of a broader correction. The long term target is 288-290 which should be seen after Feb. 2022.

BABA 4/6
Chart 2
Weekly Chart: Price needs to close above the sloping #trendline resistance (green) to get things which is in line with #pivot resistance (red horizontal).

BABA 5/6
Chart 3
Weekly Chart: The #Strategy is printed on the image.

BABA 6/6
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