Alibaba
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.
$BABA: BUY when everyone is fearful. Risk lovers only.$BABA has been battered down in the past weeks due to the trade war escalating. But fear not, we now get to buy an A1 company at a discount. I see this as an opportunity seeing that business is still rapidly growing; shown in the May 15th/19 earnings report. With the trade war being the only reason for $BABA's sell off, we will soar to new highs once this trade dispute gets resolved.
How to trade this:
- ONLY buy after confirmation of the support in the smaller time frames.
- Have a tight stop loss.
- If stop loss is hit, wait for the next confirmation at the 2nd support.
- BE PATIENT!
Only trade $BABA if you have an apatite for risk.
Trade analysis, not a financial advice.
Bullish on Alibaba here. In line with channel. I like where Alibaba is in the channel. Bullish medium to long term. But short term could touch that bottom section of the channel. (*However, I think the market flips to positive this week in preparation for the Chinese talks on Thursday/Friday*). This would give Trump leverage with the Chinese more-so than if the market was red leading up to it. Just my hypothesis. I also like Boeing and Netflix for a bounce. BABA
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Ascending Triangle Forming - Breakout In MayWatching this ascending triangle and taking a long position here. Short term PT $194.16. After it reaches the first target, granted market conditions stay the same, I expect BABA to continue on to the last ATH at $211.70 over the next few months. Will be keeping an eye on this one.
Alibaba Elliott Wave Structure Looking for more downsideElliott Wave view in Alibaba (BABA) shows that the stock has an incomplete bearish sequence from 6.5.2018 high ($211.7). The 100% target in 7 swing comes at $88.3 and this view remains valid as far as the stock stays below 12.3.2018 high ($168.8). Near term, decline from 12.3.2018 high ended a 5 waves structure in black wave ((1)) at $129.10.
Above from there it ended black wave ((2)) bounce at 142.57 peak. After missing the equal legs from 12/24 low (blue box) by a few cents.
The internals of black wave ((2)) unfolded as an Elliott Wave double structure. Where it ended blue wave (W) at 138.94 and blue wave (X) at 133.89. Above from there it ended blue wave (Y) of black wave ((2)) at 142.57 peak.
As long as it stays below that level but more importantly the pivot at 146.34 stays intact, it should continue trading lower. The right side is to the downside.
Alibaba is in a clear downtrend. Don't be fooled by perma-bulls.Alibaba is in a clear downward trajectory, and the weekly moving averages would agree with that statement at this time. Currently, price bounced off of a previous zone we saw it wick to back in late October/early November, and price is currently retesting its previous support zone-now-turned resistance around 140. I'm watching the 200 weekly moving average an area for the price to potentially drop down to, and if we continue lower, I'm watching 110, 80-85, 75, and 58 as area's of potential support. As I've said in other posts on different stocks, these short-term rallies/dead-cat bounces are nothing to get caught up with in my opinion. Those perma-bulls on the mainstream media will continue encouraging people to "buy the dip" but to me, that notion is just stupid. We have been on a 10-year bull run and most stocks are extremely over-valued in my opinion and need to correct back down to lower levels. It's basic market cycles ladies and gentlemen. If we manage to get back above (and hold as support) several key moving averages, I will change my stance. For now, I remain bearish .
Moving average guide:
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
BABA Short Idea Hi guys ! Hope you are fine. I post my idea for short positions at BABA with a target of 126$ which is the lower bollinger band and then from there we will see a good retracement until 160$. So the two possible trades is 1.) Short with a target of 126$ or 2.) buy at bottom of 126$ and Hold this giant with the great future income balance ! Invest with wisdom and be carefull guys !
BABA FOR A QUICK FLIP, BULLISH TO $165.00This may be 1 of 2 most probable pathways....either we see a simple ABC or and expanded diagonal/triangle consolidation.
based on the "law" or guideline of alternation: MORE LIKELY that it is not a simple ABC and in fact a larger ABCDE correction
forex-indicators.net
Alternation
The guideline of alternation is very broad in its application and warns the analyst always to expect a difference in
the next expression of a similar wave. Hamilton Bolton said, The writer is not convinced that alternation is inevitable in
types of waves in larger formations, but there are frequent enough cases to suggest that one should look for it rather
than the contrary.
Although alternation does not say precisely what is going to happen, it gives valuable notice of what not to expect
and is therefore useful to keep in mind when analyzing wave formations and assessing future possibilities. It primarily
instructs the analyst not to assume, as most people tend to do, that because the last market cycle behaved in a certain
manner, this one is sure to be the same. As "contrarians" never cease to point out, the day that most investors "catch on"
to an apparent habit of the market is the day it will change to one completely different. However, Elliott went further in
stating that, in fact, alternation was virtually a law of markets.
HOWEVER, it is likely still a B-wave and therefore just a bounce before further consolidation/ aka quick flip around $165.00
not financial advice just education
BABA Has Reversed Off Resistance, Potential Drop!BABA has reversed off its resistance at 169.92 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 156.44 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding reversal could occur.
BABA Tested Resistance, Potential Drop!BABA tested resistance at 160.08 (100% & 61.8% Fiboancci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where price could fall to its support at 143.11 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is testing its resistance and a corresponding drop could occur.