r/baba
Technical analysis
Author bought BABA at $123.70 based on support line, but it dropped 2% below support, prompting discussion on technical breakdown.
- Stock historically bounced off the lower support line.
- Stock broke below the key technical support line by ~2%.
- Negative overall market sentiment dragged the price down further.
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.
The support and resistance for baba is xi and trump
That is actually a pretty accurate answer 😊. Thankyou!
This thing doesn’t follow TA. I’ve went in at the Strong green candle supports at $146s and $133s…. And I’m bag holder.
I've watched the above supports aswell, but I thought my support was the strongest one based on previous levels
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
https://preview.redd.it/06u9m8zeno5h1.jpeg?width=567&format=pjpg&auto=webp&s=b7907bf40a5d60137b429cc6b4d1cfbed452b9fc
Market is likely underestimating this. Same for analysts. We are going much higher, eventually.
Don’t worry about it bro ; this stock exceeds support’s & resistances without reason or cause. This level here as you say is a perfect set up as of 2020 and also August 2025 i’m 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
Just looked at the chart, I understand where you are heading. Althought 7 april was 118 at ist lowest, so it might drop another 2%.
The next week/two weeks will be very deciding for my technical analyses
https://preview.redd.it/ugglz0maeo5h1.png?width=1382&format=png&auto=webp&s=acb55e6c49987570eb98eb7538cff50d7ff8c396
You mean this? If so, that is a line signaling downtrend. Or you mean an other line?
Zoom out to all time for a long term trending broken in 2021 (thanks xi)
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
https://preview.redd.it/y6msw4rsuo5h1.jpeg?width=1079&format=pjpg&auto=webp&s=14c0629b04318261f67a56250c186163253ea11b
https://preview.redd.it/m23dhynipp5h1.jpeg?width=1076&format=pjpg&auto=webp&s=0096101117af744ecbc814defcd398f6b6bfbcfb
Xi gave it to us ; time to get back 🫏
TA, or studying past chart trends, won’t work when something like the Iran war is throwing a wrench into current events
This dude commenting is just stupid
You're right. I just checked and ~117.5 is actually a great supportline. Ocotober 2024, mid 2025 and april 2026 are in contact with this one