Hey everyone, below is an analysis on
BABA
using MACD, RSI, Fibonacci levels and technical (gap) levels.
Current Price Levels:
Momentum Indicators:
Technical Levels:
Fibonacci Levels:
Feedback and Outlook:
Support and Resistance Analysis:
Gaps to Be Filled:
Outlook:
Final Thoughts:
The chart suggests a cautious bullish outlook in the short term, especially if the $85 support holds. Watch for price action and volume around the resistance zones to confirm whether this is a dead-cat bounce or a true reversal.
Currently in BABA 1/17/25 100c (BOT @ $1.73).
Current Price Levels:
Momentum Indicators:
Technical Levels:
Fibonacci Levels:
Feedback and Outlook:
Support and Resistance Analysis:
Gaps to Be Filled:
Outlook:
Final Thoughts:
The chart suggests a cautious bullish outlook in the short term, especially if the $85 support holds. Watch for price action and volume around the resistance zones to confirm whether this is a dead-cat bounce or a true reversal.
Currently in BABA 1/17/25 100c (BOT @ $1.73).
Trade closed: target reached
So I didn't come back earlier but I closed this trade:
- BOT BABA 17 JAN 25 100c @$1.73 on 11/18/24.
- SOLD BABA 17 JAN 25 100c @$2.51 (+45%) on 12/09/24.
Held through the drop and sold when it finally gapped up lol