BABA 🔥 LucanInvestor’s Commands: 🩸 Resistance: $88.00. A breakout targets $92 and $96. 🩸 Support: $84.00. A breakdown exposes $80 and $76.
🔥 LucanInvestor’s Strategy: 🩸 Long: Above $88.00, aiming for $92 and $96. 🩸 Short: Below $84.00, targeting $80 and $76.
🩸 Alibaba is showing signs of recovery but remains below the 200 EMA, indicating bearish pressure. MACD is slightly positive, suggesting cautious optimism. Traders should watch $88 for confirmation of a bullish breakout, while $84 is a key support level to avoid further downside.
👑 "Fortunes are made in the balance between resistance and support. Act wisely." — LucanInvestor
BABA Looking solid for a swing trade—I added 360 shares at $86.41. My short-term target is $93. If it holds above $93, I’ll move forward with a tight stop loss. The reason for this is that things won’t be clear until Trump takes office in January. After that, we'll see how Trump’s policies might impact Chinese stocks.
BABA 2 year consolidation period should lead to a break out of res. at $118. China easing policy in place should propel BABA to this break out. Price has ground through weekly POC looks to be breaking out towards the upper res of $118. Target $180 followed by $220 over 6 to 12 months. Buying Jan 2026 $100/$130 bull call spread for $5.95 cost. Max gain at $130 price would be $24.05 or appx. 400%.