BABA taking a look at the weekly chartCritical area, BABA fell from a top of 320$ to 180$, almost a 50% decline when every major investor entered between 220$-250$.
Alibaba
$BABA Earnings week and Chinese volatility (Fibonacci edition)Hello my children of the night!!!
I dunno, just trying stuff out. Anyway, moving on...
$AMZON missed earnings and tanked last week. I'm betting $BABA will do the same this Tuesday, especially given the uncertainty around Chinese stocks and regulation.
I used trend-based Fib retracement and extensions to guide my projection, and of course, my patented "Marijuana Cloud" method foreshadows the pre-ER run up, followed by the post-ER dump.
What do you think? Kiss 200 before dump to 180?
Let me know in the comments below, my children of the night!
Still weird? Okay. Sorry. Just wanted to make sure.
Bye.
BABA case study: Resolution of 200 days correctionToday we want to share our conclusions about the resolution of huge corrective patterns on BABA. One of the key aspects of Technical Analysis is to take advantage of anomalies in historical data; in other words, take advantage of situations that present some degree of repetitiveness to create a probabilistic scenario in our favor, where risking our money is worth.
In this case, we observe that after 200 days of correction, there is a specific sequence for bullish continuation movements.
1) Breakout of the structure
2) Clear Throwback (retest of broken structure) another characteristic is that the correction is very steep
3) The breakout of that correction represents a great opportunity in terms of risk-reward ratio if we set our stop loss below that pattern
Past behavior is no guarantee of future behavior, and bla bla bla.... That's absolutely true; however, if you are not in favor of the Efficient Market Hypothesis, you can see that there are subtle patterns in price data that we can take advantage of, not by saying, "This or that will happen, but by trying to get exposure to a specific pattern several times (taking the same trade 10 times), that way we can start observing an edge.
So, final conclusion in this case study: Now, we will comfortably sit in our chairs, and we will not do anything until the filter we have defined happens. If that's the case, we know exactly how we will trade. If the filter does not happen, guest what... We don't trade; there are more than 2000 stocks that you can wait for a BEAUTIFUL and PREMIUM scenario.
Thanks for reading!
China BigTech - KWEB ETF☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.
Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram, which is already in a bullish divergence.
However, in February 2021, there was a 19.83% move up from the channel. Such a pull-out can be repeated down to the $40 support line.
Not a financial recommendation.
GET RICH OR DIE TRYIN
$BABA at levels of high value.
Alibaba Group Holding Limited (BABA) , also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
It is currently at prices from 2017-2018 and pre-Covid. It has retraced about 45% from its record high which puts it in a deep bear market. Current Fair Value , according to DCF, is $301.
The Technicals show the following:
1) Bollinger Bands show that it is overextended to the downside by 3 standard deviations.
2) The Volume Profile , which measures volume by PRICE , shows that since its IPO, this price level here is where the most VOLUME comes in. This can be translated to, these levels here is were investors find value in the stock.
3) The RSI on the Daily show that it is grossly oversold.
Buying China Stocks here will require mental strength as bad news continues to circulate the Media. This can be compared to the Covid Crash of 2020 where the market took a tumble and the media made retail feel as if the market had no bottom. At the levels that most retail sold was actually the levels to buy. Famous words by the great Warren Buffett when he says "Be fearful when others are greedy, and greedy when others are fearful." Chinese stocks have been in a bear market for over 8 months while companies like Alibaba continue to bring in Billions of dollars in revenue.
We must learn that a stock price does not always reflect the value of a company; it is our job as investors to look for and find that value in the market. For now, it seems as if the long term value is here in Alibaba.
Alibaba (Falling Wedge)I bought a week ago at $212. I plan on picking up more shares if it hits $200. My price target is $300.
Alibaba- An Elliott Wave approach. Feedbacks are appreciated.For now, the price has bounced off from the golden level of wave 1 of current degree. But this might be wave 1 of one larger degree which has just finished. So need to observe what the price action does in the coming future. If the price breaks the level of b, then we can add on the position in our previously entered position at the successful breakout of the wave 4 of micro degree. You can put a tight stop loss below the current low and re-enter or just ignore as per the future price actions or wait till the wave count completely gets invalidated to get stopped out as per your risk appetite. Normally entries are done in the retracement after successful breakout of the last high. there is also positive RSI divergence across the latest lows.
Please correct me. I would be more than happy to learn from you.
Happy trading.
#BABA fighting hard to hold onto weekly support.Alibaba has bounced off its 200 week ma. Fighting hard to hold onto its uptrend & Horizontal weekly support between $209 and $212
BABA the Asian King is coming backNYSE:BABA
Bet on the good stock with low risk!
The we need is
.
30 - 50% return in recent years!
For what it’s worth, it’s never too late.
Hey! how many times you shop and search for some deal in the Lazada app? within the Covid-19 struggled you at home.
In Europe and America may not many... but if you are an Asian guy I believe that you open this app bold right now.
Well, Ecommerce is not a new thing but cloud services are hiding from the majority perspective. It's growing up and profitability for the next BABA.
OK don't talk so much.
Buy it or not, you decide.
$BABA buying the dip*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been following Alibaba for the past few months. We originally entered $BABA on 5/27/21 at $207 per share. There is no denying the massive oversell of BABA. After correcting from its 52-week high of $319.32 $BABA now sits at just $21.22 per share. $BABA is a GREAT stock going forward and we absolutely believe that it will be trading in the $300 range before October.
Today my team has placed our 3rd buy order on $BABA at $210 per share.
We're long.
FIRST ENTRY: $207
2ND ENTRY: $220
3RD ENTRY: $210
TAKE PROFIT: $265
STOP LOSS: $203
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Accumulation Breakout for Alibaba GroupAnalysis Forecast:
Price Trend Turned Bullish
Analysis is for:
US Market
Short-Term Trading
Tactical Single Stock Allocation
Supporting Technical Observations:
1. Breakout of Downtrend (Supply) Line
2. Breakout of consolidation Base
3. Fund Flow Index (FFI), turned positive
1st Technical Target
US$250.00
Why this Level?
1. Key Supported turned Resistance Level
2. 261.8% Fibo Level
3. Whole Number
Incorrect Analysis if Level Breached:
US$204
#Alibaba wedge breakout attemptHey listen up my friends, #Alibaba #baba is attempting to breakout. My first take profit is 245 my second is 275 as there are strong peaks there, after that we likely test all time highs, this play is a week or two long play, options are cheap, scoop them up. Obligatory this is not financial advice yada yada.
BABA is a BUY nowI think this stock is of fantastic value, both from a fundamental and a technical stand point.
Alibaba Breakout + SeasonalityBABA broke out two days ago, with above average intraday volume.
OBV is confirming slight positive trend.
Taking a look at seasonality:
We are entering July, which has been THE best performing month in the past 8 years.
BABA has closed higher than it opened 83% of the time in July, since 2014.
Approximate Potential Target ---> $275
$BABA Still waiting!BABA ended the week strong with heavy call volume near Friday's close. Since last time I charted BABA, it dipped into my buy zone near the fib level and bounced fast. Notice how it bounced off the Oct VWAP from last year. Also notice how the weekly high is the 21 EMA, which is telling of this swing. Without an active sequence, it will be hard to tell as of right now if this is the bottom. It wouldn't surprise me if BABA went even lower to test last year's price range between 165-190, and I would be wary of going long here still. I will continue to watch BABA, hoping that it can show strong indication that a bounce is in on a strong Fib level and bouncing off the lower VWAP. So far the monthly low continues to be 204, right at the Fib level. Below 204, we can consider it a short term correction looking for lower prices.
BABA, Forming This Massive Descending-Triangle, Likely Breakout!Hello Traders Investors And Community,
Welcome to this analysis about Alibaba in which I will look at the 12-hour timeframe perspectives. Since the Alibaba founder, Jack Ma moved into isolation because of a government critical speech the stock developed an exceptional downtrend with bearish alignments mainly reaching the 205 level. Now as there came news the founder still active and operating on the company this can also lead to potential positive developments on the fundamental sight of things matching with the technical factors I detected recently, therefore I am looking at all the important levels and likely destinies we should consider with the stock in the current structure and upcoming movements.
Structural Developments:
As when looking at my chart now we can watch there how Alibaba has formed this massive descending-triangle-formation with the coherent wave-count within and the waves A to C already completed. Such a triangle-formation is known to produce a substantial bullish reversal with further continuations and an increase in volatility to the upside. Recently Alibaba already formed this initial spike of bullishness to the upside within the triangle testing the upper boundary of the triangle-formation and also the 100- as well as the 65-EMA lying there, above these EMAs Alibaba will form a sustainable bullishness as the previous resistance gets support.
Upcoming Perspectives:
As Alibaba already formed all these strong initial terms in the structure it is likely that the triangle completes with a bullish breakout in the next times which will finally happen with the close above the upper boundary. It is seldom seen that such a structural triangle invalidates to the downside nevertheless it is important to keep patient till the triangle finally completes. Mainly the upcoming breakout can be traded either aggressively with immediate entry or conservative with an entry after confirmation, although the aggressive entry is also possible the conservative one will be much smarter. It will be an interesting development ahead.
In this manner, thank you for watching my analysis about Alibaba and the current descending-triangle-formation forming that has the potential for a bullish breakout, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
Information is only educational and should not be used to take action in the market.
BABA Breakout?Baba has been rejected from the resistance over 5 times and this time its broken out with higher volume, rsi reaching over 90 on the 1 hour chart and it closed above. Everything here looking like a tech run in July. I suspect it to retest the 224 support and if we see a big drop it still has between 220-215 support now. Looking very bullish imo
BABA - BUY 223.13 - Target 245 level by 4 AUGABA has broke the trend and will move in upward direction. Based on Elliot wave count analysis
1st Buying level - 223.13 - if it cross this level, then will touch 232.51
2nd Buying level - above 236.59 to 239 - if it cross 239 then will touch 245 ( Target July 27 to 5 Aug )
Note : There will be a minor pullback once it touches 232.
