Alibaba stock forms powerful reversal pattern: what's next?
Alibaba stock forms powerful reversal pattern: what's next?
$Alibaba Group Holding Ltd(BABA.US)$ is down over 40% from its October 2020 all-time high of $319.32. China-based stocks have taken a beating from the Chinese government, which continues to crack down on companies trading on U.S. exchanges, and worsening U.S./China relations has rubbed salt on the wounds.
$阿里巴巴集团控股有限公司(BABA.US)$与2020年10月创下的319.32美元的历史最高纪录相比，下跌了40%以上。中国股市受到中国政府的打击，中国政府继续打击在美国交易所交易的公司，美中关系的恶化在伤口上撒了盐。
On Tuesday U.S. Defense Secretary Lloyd Austin, in a speech from Singapore, said the U.S. is committed to having a constructive relationship with China. There’s hope Austin’s comment will act as a starting point for the two countries to begin mending tensions.
周二，美国国防部长劳埃德·奥斯汀，在演讲中他在新加坡表示，美国致力于与中国建立建设性的关系。奥斯汀的评论有望成为两国开始修复紧张关系的起点。
The Alibaba Chart: Alibaba’s steep and drastic sell-off may have culminated on Tuesday when the stock printed the final candle of a Sanku pattern.
阿里巴巴图表：阿里巴巴的大幅抛售可能在周二达到顶峰，当时该股印制了三库图案的最后一支蜡烛。
The Sanku reversal pattern consists of three gaps, in either direction, which exhausts either the bulls or the bears and marks the point where the stock price reverses. Alibaba’s stock gapped down on Friday, Monday and Tuesday and subsequent price action failed to fill any of the gaps.
三库反转形态由三个缺口组成，两个方向都有，这让多头或空头筋疲力尽，并标志着股价反转的点。阿里巴巴的股价在周五、周一和周二出现下跌，随后的价格走势未能填补任何缺口。
Alibaba also printed a bullish green hammer candlestick. This candlestick, especially at the bottom of a Sanku pattern, adds to the bullish thesis a reversal is imminent.
阿里巴巴还印了一个看涨的绿色锤子烛台。这个烛台，特别是在三股形态的底部，增加了看涨观点，反转迫在眉睫。
Alibaba’s relative strength index (RSI) fell below 30% on Tuesday, which also indicates a bounce is in the cards. When Alibaba’s RSI fell below 30% on May 13, the stock bounced up 6.24% over the following five days.
周二，阿里巴巴的相对强弱指数(RSI)跌至30%以下，这也表明阿里巴巴有望反弹。5月13日，当阿里巴巴的RSI跌破30%时，该股在接下来的五天里反弹了6.24%。
The stock is trading well below both the eight-day and 21-day exponential moving averages with the eight-day EMA trending below the 21-day EMA, both of which are bearish indicators. Alibaba is also trading down almost 25% below the 200-day simple moving average which indicates overall sentiment in the stock is bearish. Because Alibaba is too extended from the three moving averages, a bounce is likely needed to allow at least the eight-day EMA to catch up.
该股目前远低于8日和21日指数移动均线，其中8日均线倾向于低于21日均线，这两个指标都是看跌指标。阿里巴巴的股价也比200日简单移动均线低了近25%，这表明该股的整体人气是悲观的。由于阿里巴巴距离三条移动均线的距离太远，可能需要反弹，才能让至少8日均线迎头赶上。
Bulls want to see the Sanku reversal pattern recognized and for Alibaba’s stock to bounce up and regain support at $196. Above the level it has further resistance at $204 and $212.
Bears want to see big bearish volume continue to pressure Alibaba’s stock to the downside. If the stock loses support at $188, it could fall toward $179 again before bouncing.
看涨人士希望看到三库反转格局得到认可，希望阿里巴巴股价反弹，并在196美元处重新获得支撑。在该水准上方，在204美元和212美元有进一步阻力。
看跌人士希望看到大量看跌行情继续打压阿里巴巴股价下跌。如果该股在188美元失守支撑，它可能会在反弹之前再次跌向179美元。
