US stocks · Open buy
Alibaba bounces 9% off its 20-day average, the bullish structure holds
US stocks · Open buy
Our view last week
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.
This week's summary
A strong week for Alibaba: up 9% on a clean bounce off its 20-day moving average, touched in the 114 area and firmly rejected higher, roughly 7 points of recovery. Buyers dominated the session, driving 90% of the day's volume. On the weekly picture the trend stays bullish, though three warning signs call for caution: contracting volumes, fading buyer dominance and rising distribution. The trade, opened two weeks ago, is currently up 6.33%.
IQS Phase
50
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#57 / 120
US stocks in progress
Trade P&L %
+6.33%
from signal to date, no stop loss
Rank position
ranks 57th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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