NVDA
NVIDIA
-- 142.620 TSLA
Tesla
-- 406.580 PLTR
Palantir
-- 78.980 MSTR
MicroStrategy
-- 353.670 AAPL
Apple
-- 222.780 
BABA is Back at Support
If you were able to catch my previous baba updates, then you would have had some great swing trade opportunities when BABA's price reached trending support. You can check out the last BABA update in the link below.
BABA is back at support on once again. Will we see another bounce off of this trending support level? The price action has rebounded a few times in the past at this imaginary line. If the price drops below this trending support level and makes lower lows than mid-August, then the picture will look much more bearish. But as for right now, the short-term trend is still upward.
In the chart below, I have highlighted the key levels I am watching for areas of support and resistance. If the price does drop below the trending support level, then the $86.00 - $87.00 area is the the zone I will be watching for major support.
A dip below these price points would likely confirm the end of the current short-term uptrend. I might consider a short position at this point if I see a high volume of sellers pushing the price with downward momentum. If the price rebounds off of this area, then I will consider a long position.
I have highlighted the key areas of major resistance that I will be watching if the price does decide to rebound soon. This area resides at the $94.50 - $95.00 area. If the price reaches this area, I will watch the price action to decide whether to go long or short.
If the price climbs to this resistance zone and sellers show up in volume, then I will consider a short position. This area is a solid break out level. So if a large volume of buyers step in to push the price above this area, then I will consider a long position.
For all of you Fibonacci lovers, the price action for the majority of this year has remained within the golden section of the short-term fibonacci levels for most of this year. You could use these levels as strong support/resistance levels. A move to the upside or the downside of this golden section would signal a new trend is forming rather than the sideways action we have had for the majority of this year.
How do you think BABA will perform this week?
As always, this is not investment advice. Good luck trading. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Give your investments time. Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend.
$Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Amazon (AMZN.US)$ $Meta Platforms (META.US)$ $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ $Netflix (NFLX.US)$ $Tesla (TSLA.US)$ $UnitedHealth (UNH.US)$ $Home Depot (HD.US)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Johnson & Johnson (JNJ.US)$ $Eli Lilly and Co (LLY.US)$ $Visa (V.US)$
$Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(FEB5) (VXmain.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Gold Futures(FEB5) (GCmain.US)$ $E-mini Dow Futures(MAR5) (YMmain.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ $E-mini S&P MidCap 400 Futures(MAR5) (EMDmain.US)$ $E-mini Russell 2000 Index Futures(MAR5) (RTYmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(FEB5) (VXmain.US)$
$TENCENT (00700.HK)$ $SSE Composite Index (000001.SH)$ $CSI 300 Index (000300.SH)$ $SZSE SME 100 Index (399005.SZ)$ $FTSE Singapore Straits Time Index (.STI.SG)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $HSI Volatility Index (800125.HK)$ $Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $S&P/ASX 200 (.XJO.AU)$ $S&P/ASX 100 (.XTO.AU)$
$Direxion Daily CSI China Internet Index Bull 2x Shares ETF (CWEB.US)$ $China Alphadex First Trust (FCA.US)$ $Wisdomtree China Ex-State-Owned Enterprises Fund (CXSE.US)$ $S&P Asia 50 Index Ishares (AIA.US)$ $KRANESHARES SSE STAR MARKET 50 INDEX ETF (KSTR.US)$ $RAYLIANT QUANTAMENTAL CHINA EQUITY ETF (RAYC.US)$ $iShares China Large-Cap ETF (FXI.US)$ $Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR.US)$ $Franklin Templeton Etf Tr Ftse China Etf (FLCH.US)$ $db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund (ASHS.US)$ $iShares MSCI China ETF (MCHI.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $KRANESHARES CICC CHINA 5G AND SEMICONDUCTOR INDEX ETF (KFVG.US)$ $Global X Funds Global X Msci China Consumer Staples Etf (CHIS.US)$ $Global X FinTech Thematic ETF (FINX.US)$ $Global X MSCI China Industrials ETF (CHII.US)$ $Global X MSCI China Energy ETF (CHIE.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
20K
Followers
2994
Following
34K
Visitors
Follow
Discussing
Trump 2.0 Era: What's the next opportunity in the markets?
▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks
Michael McCarthy CCO
Jan 3 11:57
Ask a strategist - Trump's first day
102640653 : Expecting a new uptrend to be formed testing higher resistance of 120-125 level . May take a while to get there but formation of last few months looked good for a rise to this resistance level accompanied by a better result in august .
SpyderCall OP 102640653 : sounds good to me
So far it is still moving upward. below 83$ would worry me
SerendipityStockPick : hi SpyderCall, how do you add poll survey on your comment?
102640653 : A nice formation on Alibaba chart . If it hold n bounces up from today low then it’s strong
SpyderCall OP SerendipityStockPick : You can only do it on android or ios. Not PC.
SpyderCall OP SerendipityStockPick :
SpyderCall OP SerendipityStockPick : That is android. Some features on its are slightly different but not much
SpyderCall OP 102640653 : That trend has been holding for quite a while. I don't see any reason why it shouldn't keep holding YET.
SpyderCall OP SerendipityStockPick : maybe you can do it on a Huawei phone. I'm not sure
黄珊 : Alibaba should not be suitable for admission at this time, right?