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Alibaba

Alibaba appears to be recovering and I think it will continueAfter the Ant Group IPO cancellation caused Alibaba ( BABA ) price to drop for the last two months of last year, the price is apparently recovering this month to the levels where it was before Ant Group announced its plans to float on Shanghai and Hong Kong stock exchanges. Price is recovering despite the Chinese government probe into Alibaba over alleged anti-competition practices. Personally I don't think is in China's best interest to kill the goose that lays the golden eggs, so probably this year we'll see some regulation without major impact on Alibaba's business model. This is all speculation based on news and reports I've been reading for the past month.
NYSE:BABALong
by carlosrudriguez
1
ALIBABA Best time to buyPattern: Bullish Megaphone on 1D. Signal: Buy as the 1D MACD has formed a sequence that since November 2018 designated the bottom. Buy if the Jan 20 High breaks or on the 0.5 Fibonacci retracement level. Target: 310 (just below the current Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> michaelzerna --------------------------------------------------------------------------------------------------------
NYSE:BABALong
by TradingShot
2
Alibaba -how to play this trade with a sea of bad news ?So Alibaba has seen its share of problems in the last months, from intervention from the Chinese government to fear of being delisted in the US from trumps administration in his battle with Chinese stocks to the missing Jack Ma that we still don’t know where he disappeared to ...? a lot of conspiracy theories in that story.. Well with all this mess I choose to look at the technicals and see what they say. First, we see stock bottomed down to 211$ on Dec 23rd and gave us a new lower low that we can base on. The rise of Alibaba started yesterday on the news that the US will not delist the stock but let's not forget that is NOT what made the stock tumble down but the cancelation of the Chinese government on the IPO of Ant Group and the intent to nationalize both Ant group and Alibaba and of course the missing former English teacher and China’s poster boy for success -Jack Ma. A lot of bad news and I am here to bet the opposite in the short term (only short term) , from what the chart tells us along with the current sentiment on the stock is that there is a new rise of optimism in the air and the stock will regain some of its loses in the upcoming days to weeks. The first target for this prediction to come true is a price target of 251$ which will indicate a correction to the 0.618 line, and the fill on the gap of 9$ (241 to 250). If that target is achieved the stock will get more attention and the volume (buzz sentiment) will go up and take the stock to 269$. At the 269$ I can see we will have a correction downwards back to the 250-255$ line. We must remember when trading sentiment and fundamental news it's all about what the volume is displaying us as it is a clear mirror to the investor’s behavior. If we see Alibaba retreating back down to below the 225$ line, then my analysis is disproven and should be ignored! By the way, on this chart, I used a public analysis tool called the “Bottom down tool”, a great way of seeing if the asset is bottomed down if crosses the 20 line. This is a high-risk trade and I argue you to do your own DD and keep an eye on the 225$ line to avoid entering too early Trade safe and a happy 2021 from FDGT!
NYSE:BABALong
by FDGT_academy
2
Bullish signals for Alibaba (BABA)Fundamental analysis 1. The stock is fundamentally very cheap (relatively innocent negative news) 2. Analyst consensus target price: 330 (39% upside potential) 3. Growth score of 99 (1-100) (Stockrover) 4. In 2030, 40% of sales will go through internet retail Technical analysis 1. Positive Trend 2. Volume is growing 3. Short-term positive MACD rate 4. Already seeking Support of the MA-10 5. Short term target: 260 6. Long term target / Target 2021: 350
NYSE:BABALong
by coldsteel_trading