pool adsWhat Alibaba Group Holding Limited $BABA is Telling us About its Future
The next move in a stock's price is often identifiable in advance. This Alibaba Group Holding Limited (NASDAQ: BABA) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for BABA make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Strong |
| P1 | 0 | 0 | 248.11 |
| P2 | 237.40 | 226.29 | 283.10 |
| P3 | 243.07 | 236.45 | 318.36 |
Support and Resistance Plot Chart for BABA
Long Term Trading Plans for BABA
March 13, 2021, 3:00 am ET
The Technical Summary and Trading Plans for BABA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this BABA Report.
BABA - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
BABA - (Short) Resistance Plan
The technical summary data is suggesting a short of BABA as it gets near 248.11, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 248.83. 248.11 is the first level of resistance above 231.87, and by rule, any test of resistance is a short signal. In this case, if resistance 248.11 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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