A fresh Buy signal on Alibaba stock
Alibaba stock gains 2.4% as the rebound turns into a fresh Buy signal
A fresh Buy signal on Alibaba stock
Our view last week
Alibaba stock surges 16.8% in a week, with 83% of trading volume on the buy side — a sharp reversal from the sellers who ruled just a week earlier. This week's price action shows RSI and MACD improving, though still below neutral: downside pressure holds, but it's starting to waver. The rebound eats into much of the managed Sell signal's profit, down to 7.2% from 20.6% the previous week.
This week's summary
Seven days after the 16.8% surge that flipped the picture, Alibaba stock adds another 2.4% and turns that rebound into a genuine Buy signal — third strongest among the 20 fresh US Longs, with signal strength at 72 out of 100. Underneath sits a clean double bottom in the 95 area, with a 5% intermediate rebound already banked. Setup quality is still unripe: the stock hasn't attacked recent highs, and entry stays cautious.
IQS Phase
44
ordinary
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#3 / 20
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content