Alibaba - This chart is pretty bullish!

Aug 6

🎁Alibaba (BABA) will head much higher:

🔎Analysis summary:

After we saw the perfect creation of the rounding bottom on Alibaba, the trend finally shifted back to bullish. Especially with the recent bullish break and retest, Alibaba is now preparing for another major move higher. All we need now is simple bullish confirmation.

📝Levels to watch:

$140

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Aug 14

Trade active

🎁Alibaba (BABA) is still 100% bullish:

🔎Analysis summary:

With the recent bullish break and retest, Alibaba has the chance to create a long term bottom formation. It is indeed quite likely that Alibaba creates some volatility before initiating the next major move higher. Risk management is key.

📝Levels to watch:

$140

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Aug 21

Trade closed: target reached

🎁Alibaba (BABA) played out very nicely:

🔎Analysis summary:

We are still witnessing a bullish break and retest on Alibaba. And despite the recent volatility, it is still likely that it will overall play out. The bottom clearly seems to be in and Alibaba is heading for a new major bullrun.

📝Levels to watch:

$110, $140

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION