Bullish on the Chinese tech sector, 5 must have stocksSeptember is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China.
By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the technicals point to healthy upside going forward.
The following 5 Chinese tech assets are hovering around their Point of Control POC: price point with the highest trade volume and are showing signs of recovery using a number of indicators. We use the China 50 Index as a benchmark for these assets.
Alibaba
JD.com trading at a blatant valuation discount- LONGOne of the trends taking place in my portfolio is an increased weighting in China's technology sector.
Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a blatant valuation discount to the U.S.
Within the last few months the BAT stocks Baidu BIDU, Alibaba BABA and Tencent TCEHY have been among the biggest losers.
The recent arrest of JD CEO Richard Liu has caused JD stocks to tumble further relative to its e-commerce peers and is now almost 50% off its 52-week high. I view this as a risk-reward profile that is heavily tilted in favor of the bull.
All indicators explained on the graph.
Alibaba Long Term Supply and Demand AnalysisThis is exactly why you dont buy after a huge rally! Price is losing steam, WK Demand and Support is broke now, WK in a downtrend, MN uptrend will be broke after this month.
I will wait for price to retrace to the 3M demand area drawn here, or wait for new and strong bullish impulses to start showing up on the WK and MN charts.
Patience!
Alibaba - More room for downsideIs this shares the next FAANG? Jack Ma has announced its retirement but the conglomerate giants is expect to remain high growth with ROE more than 20% since listing. The current trend have room on the downside with projection eyeing 129 per share. Opportunity for long term investors.
ALIBABA ($BABA) - Oversold, Gaps and Bear (Divs) Oh My!This dip was coming. It has had bear divs on the daily brewing for quite a while.
It's presently finished filling a major gap, and is at a solid support level. Also oversold on the daily, which is very rare.
Very good spot for a potential bounce.
JD.COM in trouble if you care about head and Shoulders
For me JD.com will be a nice furture investment to battle Alibaba and Amazon, but by now they just don't make any profits and the chart tells the same story.
Buying opportunity at around 20 $ for a long run up.
Just my opinion so make your own research
and like always
May the markets be with us
Alibaba Growth PotentialAlibaba Group Holding Ltd. NYSE:BABA reported fiscal first-quarter net income of $1.31 billion.
On a per-share basis, the Hong Kong-based company said it had profit of 50 cents . Earnings, adjusted for one-time gains and costs, were $1.22 per share.
The results just fell short of expectations .
The online retailer posted revenue of $12.23 billion in the period, which also fell short of Street forecasts. Analysts expected $12.25 billion.
Alibaba shares have increased 3 percent since the beginning of the year. The stock has climbed nearly 2 percent in the last 12 months.
But there is another side, since the stock price ranges from 165.00$ to 210.00$ from the beginning of the year and is now trading near the support line, there is growth potential to upper line of the channel at 210.00$. And if the stock can breakout, we coul expect it to reach 235.00$ level.
ALIBABA.....TURNING AROUND?As you can see Alibaba moved up on Wednesday just before the support at $164.20. Mainly because of the news that Alibaba launched an Amazon Prime-like concept called 88VIP.
The day before that it was announced that Kroger would partner up with Alibaba to sell their products in China. Such partnership wouldn't be only good for Kroger it would possibly generate more traffic for Alibaba which could result in more revenue in other departments of the E-commerce company.
Most eyes will be focused on the 23rd when the earnings release is due. With the last 4 reports beating estimates I'm fairly confident this one is no exception.
In my opinion Alibaba is set to return to it's previous high's with the "oversold" 10-day RSI in the back of my mind and the recent positive developments on the fundamental side.
First target is set at around $192.30 the second target would be close to $200.
I will follow up if the targets get hit or when it breaks support.
P.S. I'm not telling you what to do always cross-reference with your own analysis. I'm not responsible for your loss.
Short waiting for entry...The exchange rate ended the second wave of a triple downward wave structure. We are now waiting for a short correction. The peak of the correction wave may be around 180 usd. Then the third and last decreasing wave is expected to be created. Its target price is 153 usd level environments. Next we assume a very stable and long-term rising section. Its target price is 270 usd level environment.
Alibaba - Looking for a Short EntryCurrently I am looking for the short entry into the Alibaba share. On a weekly basis, the stock would be a correction quite well. In the last 3 years, the course has been training ever higher highs and tripling.
The entry into the shorts would ideally be in the range of $ 198-200 and then would have to be confirmed intraday.
The first target range of the movement would be about $ 170, if necessary, the $ 150 could still be reached.
CRYPTO vs TOP TECH vs BLOCKCHAIN TECH vs CHIP MANUFACTURERSVery excited to see the outcome of this head to head
CRYPTO-CURRENCY TOP PICKS:
NEO
GAS #teamgas
Ethereum Classic ETC #classiciscoming
BURST Coin BURST
ZCash ZEC
ZENCash ZEN
Private Instant Verified Transaction PIVX
Bitcoin BTC
Ethereum ETH
Digital Cash DASH
Monero XMR
Litecoin LTC
QTUM
TECHNOLOGY TOP PICKS:
Baidu
Tencent Holdings
Alibaba
Snap
Electronic Arts
Activation Blizzard
Intercontinental Exchange
Netease
Symantec Corp
COMPUTER COMPONENT AND CHIP MANUFACTURER TOP PICKS:
Advanced Micro Devices AMD
Nvidia
Intel
Qualcom
Western Digital
ASUS Technology
Micron Technology
BLOCKCHAIN AND MINING COMPANY TOP PICKS:
Hive Blockchain
Argo Blockchain
Riot Bloackchain
Hyperblock Inc
Atlas Blockchain Group
Benchmarks used:
-World Technology Index
-World Equities Index
-Bitcoin (crypto-currency benchmark)
BABA is ready to skyrocket higher and this is why:NYSE:BABA is looking very good on multiple timeframes (4h, 1d, 1w and smaller timeframes).
I'll highlight the bigger timeframes to give the big picture.
Overall:
Baba successfully tested both the support from the bigger and smaller falling wedge. Eventually, baba broke out of the smaller falling wedge. Also, you can see bullish divergence for baba on the RSI.
4h:
Baba made a move over the lower kelt and is consolidating there. Usually, this is a bullish signal for testing at least the middle kelt.
Golden cross with the ma5 and ma10 in the making.
1d:
Daily candle closed above the lower kelt.
ma5 starting to point upwards.
1w:
1w made a hammer of the support.
Watch what the Chinese market did on Monday before the US markets start. A good close of the Chinese markets will give baba more chance to go higher.
Disclaimer:
I have a long position in Baba since last Friday, this is not an investment advice.
BABA: Buy Signal: Let me know what you all think? Hi All,
It's all in the chart.
I do not forsee BABA retracing back to 183, but who actually knows.
Always keep in mindThey could always be black SwanEvent
BABA looks to be on the uptrend. Buy Signal (5-07): Going Long.
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...
aliBABA Black SheepIll link a video i made for the fam alongside this, so if you're more interested, check that out. It is about 10 minutes and has some info on the DJI also (2nd part of a 2 part video)
Ima keep this straight forward. None of this surprised me. Before the trade wars even started I knew we would be back down. The only different, is that I did not think we would fall under the yellow line. But knowing that the trade wars were ramping up [ alongside many other problems in the Chinese markets, it was pretty easy to see.
The main thing now, is that we are under the downwards trend line that was formed from the highs earlier in the year. I was surprised that the price went back above the line, but not surprised that it did not stay above it.
I expect the pink area to be the area of major support and a good point to buy back in at. Though TBH, the .75 is probably a bad place, considering that if it hits the .75, it is then under a massive amount of resistance. and there is pretty much 0 reason to buy Alibaba between 159-168 dollars.
I expect to see a wedge with the base price between 172 and 176 dollars.
I'll keep updating though as time goes on.
Alibaba long with the Market wide dropAlibaba's price dropped in the first hour alongside the market because of the trade fears. I took that as an opportunity as Tmall owned by Alibaba is also participating in the 618 mid year festival. The key difference is that Tmall has extended their sales to the region namely Hong Kong, Taiwan, Singapore and Australia.
This means that in addition to China consumers, consumers across APAC will be able to access products at deep discounts online and offline during the event.
This year Tmall is working with over 70 shopping malls and commercial districts across mainland China and Asia to open pop-up stores that will offer consumers a seamless online and offline shopping experience. New Retail is a key element in this year's promotion, combining online and offline elements.
I expect Alibaba to also release a report of their positive sales across APAC + China after the 618 Festival closes. A study on their offline popup store performance should also be expected.