Double Top To Be | Alibaba Group Holding BABA | Moses US Stock Analysis

March 26, 2017

Moses Stock Trading Blog Site – AmiBrokerAcademy.com

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BABA Alibaba Group Holding Weekly Chart Analysis

 

We did analysis recently on Alibaba. See below for more.

March 21, 2017 Alibaba Group Holding Weekly Chart

BABA Alibaba Group Holding Daily Chart Analysis and ABCD Chart Pattern

Continue in our last analysis, weekly charting. Picture worth a thousand words, we can easily see an ABCD Chart pattern, a mega ABCD chart pattern.

 

March 24, 2017 Alibaba Group Holding Stock Chart

BABA Alibaba Group Holding Daily Chart Analysis and ABCD Chart Pattern

Picture worth a thousand words, the price is bounced withing a channel. The price is now at the trendline connecting the high. Can the price breakout the trendline? Will see.

March 24, 2017 Alibaba Group Holding and Channel

BABA Alibaba Group Holding Daily Chart Analysis and Double Top Pattern

Study the support and resistance, we see the price retest the high again. If the price do not breakout higher, the price may be start of a double top pattern. Will see.

March 24, 2017 Alibaba Group Holding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have fun! Happy learning.  

Moses US Stock Analysis

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Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.

These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.