Alibaba (BABA) crashes – Is Jack Ma missing? — Buy or sell

Ming Jong Tey Independent Analyst

Alibaba (BABA) has plunged 34% since Oct 2020 with lots of negative news going on. Is BABA hitting the bottom yet or further distribution to come?

The negative news ranged from suspend of ANT’s IPO, investigation over monopolistic behavior, Jack Ma’s missing, executive order to ban Alipay and plan to ban Americans from investing BABA, etc…All these bad news are still unfolding with lots of selling of BABA in the background.

Let’s look at BABA based on price action trading aspect from long term, medium term and short term aspects, with only price and volume to determine if BABA hit the bottom yet and what to expect next. Watch the video below:

Timestamps

1:32 Sign of weakness with distribution quality.
3:30 Distribution causes and results.
4:00 Wyckoff phases analysis for BABA.
5:10 Weekly timeframe price structure.
7:05 Short term trading range support and resistance.
8:35 Weekly accumulation structure with huge causes built.
10:35 What to expect for BABA short term bullish case.

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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