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Ecommerce

Alibaba (BABA) crashes Is Jack Ma missing? Buy or sell [Video]

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:

  • 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.

Note: All …

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Categories
Ecommerce

Amazon is pushing for a milestone union vote to take place in person despite the pandemic [Video]

Amazon is once again asking the National Labor Relations Board to direct thousands of the company's warehouse workers at an Alabama facility to cast votes in-person on whether to form a union, rather than by mail, despite the ongoing pandemic.