US Stocks · Open Buy
Alibaba slips 2.5% but the double bottom in the 95 area holds firm as the buy signal stands
US Stocks · Open Buy
Our view last week
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.
This week's summary
Alibaba closes the week down 2.5%, but underneath the candle the clean double bottom in the 95 area that sparked the 16.8% surge seven days ago is still holding. The weekly picture stays bullish, though three warnings — fading buyer dominance, aggressive sellers on the last bar, rising distribution — deserve attention. The stock hasn't tested recent highs yet: the case is still open.
IQS Phase
34
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#48 / 124
US stocks in progress
Trade P&L %
-2.46%
from signal to today
Rank position
ranks 48th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
BABA belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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