Huat99
2022-06-17

$Alibaba(09988)$$Alibaba(BABA)$A simple analogy on Baba 1 year daily chart


okok, at least from Jun 2021 (not marked) 

Baba has been challenging the 50EMA as arrow pointed but fails and dump lower time after time 


until 16 Mar 2022 onwards, average 80s to 150s of million shares transacted (or make it simple average 100 million) to simply put at an average price of $100 

 

That's 10,000 million (10 billion ??) turnover! Who the hell able to chunk such HUGH transactions consistantly for many days and not just one single day ?? 

But well, it fails to hold and fell again (this time without breaking prior low) 

 

on 8 Jun 2022, once again the super heavy volume returns (90 million!) + gap up + 14% UP on closing and way pass above 50EMA 

 

My guess, on daily chart, Baba have found the bottom, 120 mark the crucial turnaround level

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Comments

  • Xiao Ted
    2022-06-17
    Xiao Ted
    how do you do that on the right?
    • Huat99:Β 
      that's Volume Profile, need a Pro subscription in order to plot on chart

      actually Yahoo Finance interactive charts also have, except without color difference

  • SvipS
    2022-06-18
    SvipS
    Hope that Baba will stay lowest $100 and start climbing going forward.
  • Damien Khoo
    2022-06-18
    Damien Khoo
    I have a good feel about this. HSI seems to be quite resilient
  • Yonhuat
    2022-06-17
    Yonhuat
    Looking forward to $118 next week!
  • ___ _
    2022-06-17
    ___ _
    you are really good in TA [Wow]  I noticed you long ago in fact.  humble and quietly sharing πŸ‘

    @TigerEvents @Daily_Discussion @MillionaireTigertake note of him πŸ‘  Tiger Community has a gem πŸ˜‰

  • hellodarz888
    2022-06-18
    hellodarz888
    yea not bad quite clear
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