TA& FA for BABA

$Alibaba(BABA)$ at current prices is roughly 75% from its blow off top in 2020.

Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance zone with a REJECTION.

Bringing us to our current price action where we have managed to maintain a HIGHER LOW.

This supports the idea that perhaps trend is shifting towards BABA wanting to move UP.[Sly][Sly][Sly]

Notice also the Blue, Green and Purple Moving averages, Flattening out. This can be an indication that price is showing demand after moving averages moved down so much from the highs.

look for curve up in MA with crosses happening. This would be significantly supportive of probabilities we see Uptrend.

Essentially the order from top to bttom we want to see is:

1. Purple on top

2. Green next

3. Blue below that

4. Red below all

This is an indication of a Bull cycle. As you can see blatantly in previous history.

Notice also Volume which has been steadily increasing since 2019. Maintainence of Higher lows on Volume is also a good sign, that perhaps BABA may rally if we continue this volume trend.

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Comments

tothehill
05-07
tothehill
The flattening moving averages suggest increasing demand.
YueShan
05-08
YueShan
Good⭐️⭐️⭐️

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Share them with all Tigers here!","image":"https://static.tigerbbs.com/04f6663a3550c581b1772d22d2378d4c"}],"images":[{"img":"https://community-static.tradeup.com/news/79e24dfcf843a931754356c700a996ea","width":"696","height":"411"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/79e24dfcf843a931754356c700a996ea","width":"696","height":"411"}],"title":"TA& FA for BABA","html":"<html><head></head><body><p> <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"Alibaba\" href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> <v-v data-views=\"1\"></v-v>at current prices is roughly 75%&nbsp;from its blow off top in 2020.</p><p>Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance zone with a REJECTION.</p><p>Bringing us to our current price action where we have managed to maintain a HIGHER LOW.</p><p>This supports the idea that perhaps trend is shifting towards BABA wanting to move UP.<span class=\"teditor-emoji\">[Sly]</span><span class=\"teditor-emoji\">[Sly]</span><span class=\"teditor-emoji\">[Sly]</span></p><p>Notice also the Blue, Green and Purple Moving averages, Flattening out. This can be an indication that price is showing demand after moving averages moved down so much from the highs.</p><p>look for curve up in MA with crosses happening. This would be significantly supportive of probabilities we see Uptrend.</p><p>Essentially the order from top to bttom we want to see is:</p><p>1. Purple on top</p><p>2. Green next</p><p>3. Blue below that</p><p>4. Red below all</p><p>&nbsp;<strong>This is an indication of a Bull cycle. As you can see blatantly in previous history.</strong></p><p>Notice also Volume which has been steadily increasing since 2019. Maintainence of Higher lows on Volume is also a good sign, that perhaps BABA may rally if we continue this volume trend.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/79e24dfcf843a931754356c700a996ea\" tg-width=\"696\" tg-height=\"411\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"Alibaba\" href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> <v-v data-views=\"1\"></v-v>at current prices is roughly 75%&nbsp;from its blow off top in 2020.</p><p>Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance zone with a REJECTION.</p><p>Bringing us to our current price action where we have managed to maintain a HIGHER LOW.</p><p>This supports the idea that perhaps trend is shifting towards BABA wanting to move UP.<span class=\"teditor-emoji\">[Sly]</span><span class=\"teditor-emoji\">[Sly]</span><span class=\"teditor-emoji\">[Sly]</span></p><p>Notice also the Blue, Green and Purple Moving averages, Flattening out. This can be an indication that price is showing demand after moving averages moved down so much from the highs.</p><p>look for curve up in MA with crosses happening. This would be significantly supportive of probabilities we see Uptrend.</p><p>Essentially the order from top to bttom we want to see is:</p><p>1. Purple on top</p><p>2. Green next</p><p>3. Blue below that</p><p>4. Red below all</p><p>&nbsp;<strong>This is an indication of a Bull cycle. As you can see blatantly in previous history.</strong></p><p>Notice also Volume which has been steadily increasing since 2019. Maintainence of Higher lows on Volume is also a good sign, that perhaps BABA may rally if we continue this volume trend.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/79e24dfcf843a931754356c700a996ea\" tg-width=\"696\" tg-height=\"411\"></p><p></p></body></html>","text":"$Alibaba(BABA)$ at current prices is roughly 75% from its blow off top in 2020. Around October- November 2022, we tested support at the historical bottom and bounced to test the Resistance zone with a REJECTION. Bringing us to our current price action where we have managed to maintain a HIGHER LOW. This supports the idea that perhaps trend is shifting towards BABA wanting to move UP.[Sly][Sly][Sly] Notice also the Blue, Green and Purple Moving averages, Flattening out. This can be an indication that price is showing demand after moving averages moved down so much from the highs. look for curve up in MA with crosses happening. This would be significantly supportive of probabilities we see Uptrend. Essentially the order from top to bttom we want to see is: 1. Purple on top 2. Green next 3. Blue below that 4. Red below all This is an indication of a Bull cycle. As you can see blatantly in previous history. Notice also Volume which has been steadily increasing since 2019. 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