Alibaba dark pool prints show 1.1B in volume clustering around key levels. If BABA clears $113, targets are $114.04, $114.53, $116, and $117.36. Below $111.40 triggers the bearish case with support at $110.84 and $109.27.
Chapters
All right, Baba, largest trades in the last month, June 11th. Lots of prints appear, 1.3 million. We had some consolidation there, another print pushing off of the 4 exponential moving average moving down, and it looks like they were selling more into this. Then we come down here to the bottom and we've got increasing volume here, lots of prints at the bottom, 1.5 million, 800K, 5 million, 94, 40, and then starting to move above those prints as well. And then we gapped up and now we're moving up through these prints here. So if They're done with this. We can see maybe getting up to 120, 130 at the coming up. And if we break below these prints, we have a retracement back down here. So let's go ahead and map this out. We're going to be bullish above 113. You've got to see this opening candle pulled back, so we'll get above 113. All right, 114.02, sorry, 114.04, 114.53 is a cam. Then we've got 116, 117.36. So there's a really nice pocket up here. ATR in this one's about $4. Keep an eye on Bearish below 111.40. Let's get below here. Target 110.84. 110.72 is the pivot. 110.50 right here is 254K. 110.23, 109.55, 900K. And then 109.27 is S1. So similar situation here. We've got the 200 simple exponential pivot print and 3 camps or 3 pivots right here. This is really tight here, especially with the overall trend here. Short-term trend starting to move up. Just be careful if we come back down here, tag this, start moving up, then can potentially get in on the long side again. But watch this 1.3 million here for support as well. That's why we're bearish below this level. All right, those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below, and we'll see you Monday with all new trade setups. Happy trading.
