Alibaba
Alibaba: Potential rise to the 2019 High.Alibaba is trading inside a very standard 1W Channel Up since June (RSI = 52.639, MACD = 1.760, Highs/Lows = 0.0000) with the Low to High legs symmetrical at +21%. If the current leg is completed on equal strength then the peak (+21%) will reach 195.50 which is the 2019 High. So if the Higher High trend line of the Channel Up breaks, be ready to extend your long positions to 195.50.
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Alibaba testing heavy resistanceAs shown in the chart, we are testing a heavy resistance tested multiple times.
Technical indicators are showing mostly consolidation.
If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)
Obviously breaking this resistance would be an important step towards a strong uptrend.
Alibaba - don't miss this train!Technicals
There has been no divergence with RSI and the OBV and trade price. They are steadily growing. ----> BULL
DI+>DI- (positive directional index just crossed above the negative) ---> BULL
MACD>MACsignal (MACD just crossed above the signal) -----> BULL
Fundamentals
Alibaba reported earnings yesterday (Aug15th) continued positive non-GAAP earnings of $1.84 per share, 45.98% above the same quarter a year ago, beating the mean consensus estimate of $1.51.
All analyst price target values are above $200 (17% above current price @$170)
Risks
JD.com who is a competitor, is doing great.
Trade war between China & USA.
Somebody poke NEO, is it still alive? Heya All,
While BTC is taking a week-end rest I have the inclination to proceed and revisit some of my favourite shitcoins and NEO is definitely one of them. This coin and platform has all that is needed for a solid DAPPs coin and in many ways fundamentals of NEO stood head and shoulders above ETH, Stelar, Cosmos and other similar DAPP platforms yet it took more beating and more damage than any of these.
Needless to say, NEO community internationally was and perhaps still is one of the strongest. Citi of Zion, despite somewhat corrupt structure, is still a much better governance system than any of the similar platforms offered.
At this point, the question still begs to be asked, what happened with NEO? Apart from nearly 2-year long bear market what has resulted in a collapse of the Da Hong Fei's empire? - I am not a NEO Expert, but I will try to elaborate on some of the shortcomings of the projects and reasons why it was not able to gain traction even after announcing the NEO 3.0 version upgrade. Here they are:
- Not being able to develop a strong report with the Chinese government ( with any other Gov for that matter).
- Not being able to establish a simple yet elegant use case on GOV or major business level. (For example, collaborations with Alipay or Wechat would have catapulted NEO to a whole new level. Similarly, it would have been beneficial to deploy notarial, public, business and land registry services on NEO for any of the countries where they have a prominent presence).
On a positive note, I think NEO still has a fighting chance and will rise again if the management team will ramp up international efforts, Will resume to be more proactive when engaging the international community and when supporting promising projects on the platforms.
And yes, for now, NEO is bearly breathing and it is 200K short away from total collapse. Several factors that accompany NEO's current situation are the following:
1. Low liquidity - No one with the mother is trading this asset. There are small movements on Finex but all of it looks like a bunch of liquidations and some in-house market making to keep the price level afloat.
2. Price action looks like swiss cheese - There are so many gaps in the price action on lower timeframes that I suspect that no one trades this asset at their own will.
3. Possibility to short neo to kingdom come - It looks like the whole asset can be short to 8$ level and beyond with just 200 K account and a couple of smart traders.
4. 30 Days from the golden cross to the death cross - Currently neo is under the death cross. Lat death cross ended about a month ago and current one took a change of the price action quite recently. There is more mad news, the 50EMA-200 SMA death cross is about to take place soon, which again might send NEO to lower price targets.
If I had a position in this Asset, I would close my shorts now, liquidate my holdings and would move my positions to BTC.
Will NEO rise again? -Perhaps... Soon? -Nobody knows!
Happy trading and stay safe!
Archie
BABA is cheap - below all analysts targetsTechnical analysis (daily chart)
RSI(10) @62
OBV on steady uptrend along with the RSI
CCI(10) @100
MACD > MACDsignal
Fundamental analysis
BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%)
Fair value Morningstar note
Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020 outlook calling for over CNY 500 billion in revenue (representing 33% growth year over year).
* Meaning... If they achieve this growth, the price target will make sense.
Good luck!
dorfmanmaster
Alibaba Buy Opportunity Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that candlestick, I would come out early.
For the moment Target is 184 to 189
Stops - 159 or close below 200EMA
BABA- Nice entry point, decent Risk:RewardBABA has been correcting for some time after it's nice surge. Never mind the trade wars, it's showing healthy correction and possible continuation. We have confluence near this point with the bottom of the channel, major .618 (golden pocket) FIB point. Some signs of possible movement upward are: bullish divergence on the 3D chart, TD sequential at 9 on the downtrend, L-RSI bottoming out, etc. The predicted increase to $200+ would put a profit gain of 30+% on a swing trade.