Alibabalong
BABA Price TargetThe Price Target for BABA Alibaba is $135.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
ALIBABA , is gonna ready for end this correction eventually ?A three-wave ascent and then a diagonal drop indicate that we are in a larger scale in a triangle or structure.
+ Personally, my entry strategy is wait for the conflict and corrections of the indexes to end and see a confirmation of the end of the downtrend, and I confidently enter with a heavy volume ... because it has good conditions for entry !
+The analysis is based on the fact that the United States reached a trade agreement with China to prevent its enemies from uniting.
BABAWith monthly - weekly - daily momentum all in oversold territory, BABA is currently sitting just above a crucial support on the weekly chart.
I will be expecting a bounce and spending some time in the highlighted area for a while..
I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are finding the bottom finally to neutralize the trend.
Peace..
Simple play BABA
"The chart speaketh for itselfth" ~ Sir Michaele Tython the great derithative thrader
You can see we touched trendline, presuming a nice bounce, Alibaba is a behemoth in China, CCP won't let it fail, Fundamentally sound and strong. Watched a Video on VIES structure featuring Chamath, it's pretty funny and good but this would also be a good swing trade play. Of course we'll never know the company inside out but it's at x2 it's BV, so a good chance it will find very strong buyers if it drops to 100$.
RSI oversold, notice the 2 year cycle? It's gonna be an interesting 2 years that's for sure. Taking a long position, and by long I mean schlong.
Worst case scenario it gets delisted but that is highly irrational, given the amount of US investors like Munger who love this.
(Disclaimer, not financial advice, just a bit of fundamentals mixed with technicals)
NYSE:BABA
BABA - STOCKS - 18. OCT. 2021Welcome to our Weekly V2-Trade Setup ( BABA ) !
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4 HOUR
Alibaba group undervalued currently.
DAILY
Most investors panic selling.
WEEKLY
Overall great technical setup!
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STOCK SETUP
BUY BABA
ENTRY LEVEL @ 168.02
SL @ 151.47
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
My perception of Alibaba's weekly stock chartMy perception of Alibaba's weekly stock chart as follows !
After a five-wave with three continuous shares, it enters a correction in the form of a second wave. This is formed as a flat with a big b wave. maybe just it want to make triangle to ready for powerful third wave .. so buying and maintaining it at prices from $ 140 to $ 150 is extremely attractive
Considering the time of the second wave, , it noted that the third wave is the main continuous wave and has very high goals .. maybe above $ 1500 😁 .. so the long holding stock may not be bad .. though it does bother you a little over time
BABA: Alibaba's future looking goodBABA trying to break the resistance line! Looking to crate a higher low, so that we change the down trend! If it breaks the resistance line it will have a great upside move! Also waiting for the results coming out on the 18th which will decide its future! Positive results, will lead BABA faster to the upside move! Big investors and hedge funds are already in, its a matter of time for it to go up