ALIBABA GROUP HOLDINGS(#BABA)

Technical analysis

Alibaba Group Holding Limited, also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet and technology.


Alibaba has undoubtedly entered a bearish channel since October 2020, falling from a high of $ 380.00 to the recent price of $ 153.00.

Although it is currently difficult to understand whether #BABA will be able to break the bearish channel in the medium term, we can see how the strong distance from the 50MA placing the stock in the situation of having a good chance for a rise in the short term.


  • The stock is now very far from the 50MA: looking at previous moves, #BABA has always rejoined the MA

  • MACD, although much below 0, is crossing to the upside supporting the bullish momentum

  • RSI has left the oversold zone and it's now holding up the upward momentum

  • #BABA, after exiting the channel, is approaching its lower part. A close above $ 178.00 would further confirm the possibility of an upside

We put the first target below the 50MA, a close above it would make us target $ 210.00


Entry range $ 175.00 - $168.00

Target 1 $ 191.00

Target 2 $ 210.00

Stop loss $ 148.00

OTB Global Investments

1 September 2021

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