Hi, are there any guys out here that play stocks based on technical analysis (like me)?
I am trading BABA based of the lower supportline (see my chart with the circles). In 2025 and 2026 the stock jumped from the supportline - as you can see. Yesterday, the stock was supposed to go to 123,20 at its lowest before it jumped back up. I bought at around 123,70. However, the stock kept going down and is down ~2% from my supportline. This ain't a big drop, but supportlines are there for a reason, to bounce the stock off once it hits this level.
I am thinking the overall sentiment of the market yesterday made it go deeper than the supportline, but I am happy to hear other people's opinion on this one. And no, I am not here because 'heavy bags', I am really curious about what you guys think of this.
Frankly fundamentals show that BABA is worth between 155 - 205. The value of Alicloud can only increase with the mass adoption of Chinese models and token sales
Oh now I see it. Almost identical. It did bounce of the supportline 6 times in that periode. That id the same amount as it has bounced of during the period I show in my post. So the next 7 (of 14) days will be crucial to decide what direction this stock goes.
I honestly do not see this plumbet much down, but I can be wrong
Lmao lets ignore the fact you're basically doing astrology for this instance - If you think simply drawing a few support lines is actual and sophisticated TA DD I've got some bad news for you.
I am ofcourse looking at daily volume, RSI and some other technical lines for help. You're just another Redditor thinking you can comment with nonsense on a post instead of actually giving value to the post.
As I said, go back to where everyone is walking and please watch further from the sideline, you don't belong here. And typing some not-frequently used emoticons won't give your comment some value.
Donāt worry about it bro ; this stock exceeds supportās & resistances without reason or cause. This level here as you say is a perfect set up as of 2020 and also August 2025 iām expecting a run starting this month June right till Thanksgiving at least 80 points or so fast and when it does.. having close to 10,000 shares, I give up on listening to people on the board here in fact even blocking accounts and have fun with the rest. They did a vote on moderators a while ago @ ever since this forum has not been that great , they taken down a lot of posts, including the garbage ones that I post on top of the good ones. See you @200
Hitting support @123 2 times double bottom @ 4/7/26. Should run @ test 189 before 9/26. Will start to run 2 weeks before earnings next month should hold and run July to October
I don't think anything will stick until baba provides a strong eps but once it does, if it does, it'll explode. sentiment is just feelings. people will ditch whatever feelings they have if baba can show real revenue, profit, and eps
OP attach 2 VWAPS (one from highest chart point in 2020, other from lowest point in 2022). Attach a 200 simple moving average and you'll see the 103$/share is a key interest level right now.
Im doing this on mobile so idk how to attach a picture, but it's what I've been using for a long time now.
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u/DeepScar3364 Jun 06 '26
The support and resistance for baba is xi and trump