Alibaba (BABA) Shares Surge Following AI Model Launch Chinese e-commerce giant Alibaba has unveiled an upgraded version of its artificial intelligence model, Qwen2.5 Max. According to the company, the model: → Outperforms DeepSeek, the AI model that made headlines this week, in several key areas. → Achieves "competitive performance compared to top-tier models," referencing OpenAI and Meta, based on benchmark tests. The news was met with enthusiasm, driving Alibaba's (BABA) stock price up by more than 6% in a single day, pushing BABA shares to their highest level of the year. https://www.tradingview.com/x/wLxFDS6Q/ The technical analysis of the BABA stock chart shows that stock fluctuations form reference points for constructing the Andrew’s Pitchfork pattern, while price movements along the central line (indicated by an arrow) confirm the validity of the pattern's construction. Currently, the price: → Has broken above December’s high at around $94. → Is approaching the psychological resistance level of $100. Whether bulls can sustain or extend these gains will largely depend on Alibaba’s Q4 earnings report, set to be released today, 29 January. According to TipRanks: → 11 out of 12 analysts recommend buying BABA stock. → The 12-month average price target stands at $121.33. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Market Overview The Federal Reserve is widely expected to keep interest rates unchanged. Meanwhile, the Bank of Canada is projected to reduce its benchmark interest rate by 25 basis points, bringing it down to 3.00%. The pace of easing from the BoC remains a focal point, as a more aggressive rate-cut cycle in Canada could further widen the interest rate differential in favor of the USD. Technical Analysis USD/CAD remains within a broad consolidation range on the 4-hour chart, yet the breakout of a symmetrical triangle pattern to the upside suggests a bullish bias in the near term. The pair is currently testing resistance at 1.44152, a level that could serve as a key pivot for further gains. If buyers manage to push beyond this level, the next upside targets lie at 1.44279, 1.44440, and 1.44618, aligning with key Fibonacci extension zones. However, a lack of sustained buying pressure at these levels may result in profit-taking, leading to short-term retracements. Conversely, a rejection at current resistance could encourage sellers to regain control. A drop below 1.43974 would indicate weakening bullish momentum, opening the door for deeper corrections towards 1.43686. A decisive break below this level would invalidate the bullish breakout and shift the focus back towards the broader consolidation range. Read the full article on our website: https://erranteacademy.com/usd-cad-buyers-cautious-ahead-of-boc-and-fomc-meetings/
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Financial Performance Revenue Growth: For FY 2023-24, L&T reported a revenue of ₹1,85,000 crore, marking a 15% year-over-year increase. Profitability: The company achieved an EBITDA of ₹25,000 crore (+18% YoY) and a net profit of ₹12,500 crore (+20% YoY), with an operating margin of 13.5%. Return on Equity (RoE): L&T's RoE stands at 16.8%, indicating efficient capital utilization. Valuation Metrics: L&T trades at a P/E ratio of 22x (FY25E), which is below its historical average, suggesting potential for price appreciation. Trade Setup and Exit Strategy Current Market Position Current Market Price: ₹3,440 (as of January 29, 2025) Target Price: ₹4,100 (19% upside potential) Trade Setup Entry Point: If not already invested, consider entering at or below the current market price of ₹3,440, given the potential upside and strong fundamentals. Stop-Loss: Set a stop-loss at around ₹3,200 to limit downside risk, considering the bear case scenario outlined in the report. Exit Strategy Target Exit: Aim to exit at or near the target price of ₹4,100 by the end of February, assuming the stock reaches this level. Monitoring: Regularly monitor market conditions, company announcements, and sector developments that could impact L&T's stock price. Adjustments: Be prepared to adjust the exit strategy based on market volatility, macroeconomic factors, or significant news affecting L&T or the broader market.
ICICI BANK is reversing from the Lows and the Price action is showing clear Bullishness. A BTST type trade is setting up for a Target to 1268 price level. SL - Today's low.
COTTON, in a long-term decline since last February is currently stuck within a narrowing range, with a minimum break above 70 cents per pound needed to change the negative outlook. However, it is worth noting managed money accounts have held a net short position for a record-breaking 39 weeks. In the week to 21 January it reached a near record short position of 48.4k contracts, potentially increasing the risk of short covering on a technical break to the upside
Yello, Paradisers! JASMY remains in a bullish market structure on the higher timeframe, but the question is—will the current retracement lead to a breakout or a deeper correction? ?Right now, JASMYUSDT is retracing into a crucial support zone. If the price breaks above the resistance trendline with strong volume and confirms a bullish I-CHoCH on lower timeframes, it would significantly increase the probability of an upward move. However, patience is key—confirmation is crucial before entering a trade. ?If the retracement deepens or panic selling kicks in, we’ll be watching the next strong support zone. A bounce from there is possible after taking inducement, but confirmation will still be necessary—look for a bullish I-CHoCH on lower timeframes or classic reversal patterns like a W pattern or inverse head & shoulders. ?However, if the price breaks below the strong support zone and closes candle below it, our bullish scenario becomes invalid. In that case, it’s best to step back and wait for a stronger price action setup before making any moves. ?The key here is discipline and patience. Don't chase trades—wait for high-probability setups and let the market come to you. This is the only way to stay consistently profitable in the long run. MyCryptoParadise iFeel the success?
If the price crosses my invalidation level at 1.03732, my bias will turn bearish. Let’s see how this trade plays out!
This pair is retesting the ascending trendline so we enter a sell (short ) position follow us or more ides and updates
After last week fake bear break out, Aussie is ready now to goes down. Big bearish move after Aussie unable to touch upper line of the channel is good sign of bear control in Aussie yen pair. trade safe good luck.