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This website uses powerful charting software AmiBroker for charting and indicators.
Picture Worth a Thousand Words
Many of the answer are already in the additional lines and comments on the chart. See chart for more information. Please google stocks to find other views on this.
US Stock BABA Alibaba Group Holding Stock Analysis
Where will the stock price go?
It is clear that for now it will continue the south direction. But, south or north, you will still make money, if you ride the waves.
Last analysis, we can see from the chart. use IPO closed price as a boundary. Only about four months the price action was above IPO closed price, the rest of the time were below IPO closed price. See chart for details.
The distance between the IPO closed price and the current price has drifted further. If the price action continue to travel south. It will become more and more difficult for the price to meet the IPO first day closed price.
Can you see where the EDC end?
Equal Distance Channel is a powerful tool to guide where the price action goes. Only until the price action break out from the EDC, the EDC will continue to hold and contain the price action.
August 14, 2015 Alibaba Group Holding
US Stock BABA Alibaba Group Holding Stock Analysis
Shift the chart up, so we can see where the equal distance channel going. See below chart for details.
August 14, 2015 Alibaba Group Holding
Thanks for visiting the website.
Moses
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