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Mar 4, 2022 1:50 PM

BABA close to the dead cat bounce area Short

NYSE:BABA1D
Alibaba Group Holding LimitedNYSE

Description

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BABA almost touched my $98 price target from this post:


My forecast is a reversal to $116 level before dropping to the 2016 area of $86.
You can spot the bearish trendline in the chart.

Looking forward to read your opinion about BABA.

Trend AnalysisTechnical IndicatorsFundamental AnalysisBABAalibabababashortbabaselljackmaalibabashortalibabatradingsetupStocksSELL
Comments
Necrosjef
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What is the bottom for BABA?
Where does this end?
$30?
sandrhp
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@Necrosjef, $0
rajivgomes
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strongly disagree ! but that might be because i am long with large investment :)
chinmayamahapatra
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Absolutely Correct. I am thinking the same, a bounce to 119-120 area and dropping to 84$
sandrhp
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@chinmayamahapatra, we are already there buddy
chinmayamahapatra
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@sandrhp Yes that is what i had thought earlier. 86$ is almost IPO price and prices went down too fast in this month. It could be capitulation and extreme fear. With every analysis, it should reverse from here
sandrhp
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@chinmayamahapatra, cross your fingers lets see where we go
turolin
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@CryptoFundManager perfect job and TA!!!!! I'm absolutely agree with you!
kumarpur
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Can you please do a analysis on nio
turolin
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@kumarpur, If it breaks the level of 14.50 (he do it very soon), it goes to 10.50$-11,50$. I left NIO and XPEV at the end of January 2021. Be very careful with Chinese companies and companies in EV-sector. Good luck.
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