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BABA

Alibaba - Finally The Trendline Breakout!Alibaba ( NYSE:BABA ) finally broke above the bearish trendline: Click chart above to see the detailed analysis👆🏻 Alibaba is breaking out and the breakout is not unexpected whatsoever. For a long time, Alibaba has been hugging the resistance trendline and finally managed to fulfil its destiny. This could very well be the bottom of the bear market and the start of something big: new all time highs. Levels to watch: $115, $80 Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
6
BABA weekly is now Uptrend.BABA (and other chinese stocks) continue with Bullish momentum Successfully formed Higher High Higher Low and EMA20 crossing above EMA50 on weekly chart indicating long term Uptrend since April 2021. Price structure formed Support and Resistant at every 20$ Range. Breaks psychological 100 resistant with strong MCDX banker volume. Exposing next target at 120. MCDX Retailer is insignificant. Next Plan : Hold the position, look for further buy opportunity when pullback and retest at 100 zone.
NYSE:BABALong
by kgiap123
BABA: What happens next after this insane rally?Alibaba despite today's correction, remains massively overbought both on the 1D technical outlook (RSI = 81.819, MACD = 5.940, ADX = 34.506) and on 1W (RSI = 75.158, MACD = 5.970, ADX = 33.938). As the price almost reached the 1W MA200, we expect a technical correction near the 1W MA50, which is the pattern the stock followed on its previous historic expansion in 2016-2017. We expect a similar Channel Up to dictate the trend and peak late 2025 - early 2026 (TP = 200.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:BABA
by InvestingScope
Alibaba Group (BABA) Share Price Rises Over 30% Since Early SeptAlibaba Group (BABA) Share Price Rises Over 30% Since Early September As shown on the Alibaba Group (BABA) stock chart, the price surpassed $107 on the NYSE on Friday, after trading below $85 at the start of the month. Bullish sentiment surrounding Chinese stocks is driven by the authorities' plans to stimulate the country's economy: → According to Benzinga, China’s Central Bank shared plans last week to lower the banks’ required reserve ratio (RRR); → The Central Bank also outlined further support measures for the struggling real estate market. It appears that market participants expect these economic stimulus measures to benefit Alibaba Group (BABA). Technical analysis of the Alibaba Group (BABA) stock chart reveals: → The historical high above $300 was reached in October 2020, after which bears dominated the market. Signs of bullish activity emerged between 2022 and 2024 as the stock fell to $70. → In 2024, the price broke through three descending trendlines (marked in red) drawn through key highs, and the price movements suggest a new upward channel is forming (marked in blue). → The RSI indicator is at a multi-month high, signalling strong overbought conditions, while Friday’s candle closed with a long upper wick (a sign of increased bearish activity). Although the current bullish momentum may still have room to lift Alibaba Group (BABA) shares to the upper boundary of the blue channel, given the information above, there is a significant likelihood of a correction forming in early October. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:BABA
by FXOpen
1
Alibaba (BABA): Stagnation Phase or Momentum Boost?We are currently experiencing a phase of stagnation with Alibaba, as the stock remains in a new accumulation phase after breaking out of the previous one. The price might retest the Point-of-Control along with the trendline that was broken during the breakout, potentially providing a good momentum boost. Despite the sideways movement, our position remains profitable. From a long-term perspective, our entry looks strong, with a 10% stop-loss from our entry point. The upside potential for Alibaba is significant, given how far the stock is from its historical highs. The main concern with Alibaba is the jurisdiction risk, as it is a Chinese stock and subject to influences from China, which adds a layer of risk not present with American stocks. Nevertheless, as long as the price stays above $72.38, the outlook remains positive. Losing this level would be unfavorable and could indicate further downside risk. In summary, we remain optimistic about Alibaba's potential, keeping a close watch on the key support levels to manage risk effectively.
NYSE:BABALong
by freeguy_by_wmc
$FXI / $SPX | You Should Be Tracking ThisWe've been full bull China since early spring of this year and this chart here represents our macro thesis. We've posted about AMEX:FXI before and it's potential swing move of 75-100%... This chart here is AMEX:FXI vs SP:SPX on macro HTF. We believe this chart represents a macro bottom of china relative US equities. Last night, China announced a 50 bps rate cut with plans for additional rates cuts in the near future, as well as lowering existing mortgage rates. We've been expecting some govt influence and we finally got it. HUGE move printing and we think it's just the beginning. We've been big on NYSE:BABA and OTC:PNGAY all year and they've been two of the big winners today. Currently printing a macro 3M RSI bottom and looking to confirm it after q4 candle print. This is a move that will likely take the rest of the decade to fully play out.
AMEX:FXILong
by drcrypto14
Alibaba Stock Spike After Stimulus and Nvidia PartnershipAlibaba (NYSE: NYSE:BABA ) saw its American depositary receipts surge by 5% in premarket trading on Tuesday following significant news of China’s central bank stimulus and a strategic partnership with Nvidia, pushing optimism for the e-commerce giant's growth prospects. The People's Bank of China (PBoC) slashed key interest rates and injected liquidity into the banking system, providing a broad boost to Chinese stocks, with Alibaba at the forefront. The whole story Alibaba (NYSE: NYSE:BABA ) has positioned itself as a global leader, especially with its recent strides in AI and cloud computing. The company’s partnership with Nvidia to enhance AI capabilities for Chinese EV makers like Li Auto, Great Wall Motor, and ZEEKR highlights its ambitions to dominate the rapidly evolving autonomous driving space. This partnership is seen as particularly strategic given U.S. sanctions that limit China’s access to advanced semiconductor chips. By integrating its large language models (LLMs) with Nvidia’s Drive AGX Orin platform, Alibaba seeks to power next-generation in-car AI technologies. In addition, Alibaba’s continued AI expansion is bolstered by its release of over 100 open-source AI models. These tools democratize access to advanced AI technologies, benefiting small- to medium-sized businesses (SMBs) and helping them compete more effectively in the digital commerce space. Alibaba’s focus on AI not only positions it well in the global tech landscape but also diversifies its revenue streams beyond e-commerce. Moreover, Alibaba’s strong shareholder yield is further evidenced by its aggressive stock buyback program. In a recent filing, Alibaba revealed that it had repurchased $275 million worth of stock in just one week, signaling management’s confidence in the company’s long-term value. A discounted cash flow (DCF) model indicates Alibaba is currently undervalued by nearly 40%, suggesting potential annual returns exceeding 15%, making it an attractive long-term investment. Technical Analysis Outlook From a technical standpoint, Alibaba’s stock is showcasing a classic bullish cup and handle pattern on the daily charts, indicating a possible continuation of the upward trend. The recent 5% surge in premarket trading further emphasizes this pattern, particularly as the handle formation has completed, setting the stage for a potential breakout. The Relative Strength Index (RSI) currently sits at 69, approaching the overbought region. While this could suggest a short-term cooling-off period, it also reinforces the strength of the current upward momentum. With Alibaba trading above all its major moving averages, the bullish momentum looks well-supported. Additionally, as China’s economy receives stimulus support ahead of its National Day Holiday, investor sentiment remains positive. The People's Bank of China’s rate cuts aim to revive domestic growth, and Alibaba stands to benefit as one of China’s leading tech giants. Conclusion: Alibaba’s solid fundamentals, strategic partnerships, and promising technical indicators make it an attractive stock to watch. The confluence of bullish signals—strong buybacks, AI expansion, and macroeconomic tailwinds—suggests the potential for significant upside. Investors should keep an eye on the cup and handle breakout, as a move above resistance could trigger further gains, especially with the stock trading above key moving averages. With growing confidence in China’s economic stimulus measures and Alibaba’s strategic moves in the AI and EV space, the stock is well-positioned for continued growth. Key Levels to Watch: - Resistance: $100 - RSI: 69 (approaching overbought territory) - Cup & Handle breakout confirmation level: Above $100 Alibaba’s forward-looking strategies and market sentiment hint at a prosperous run, making it a must-watch stock in the coming days.
NYSE:BABALong
by DEXWireNews
8
Alibaba Accelerates AI Push with Over 100 Open-Source ModelsIn a bold move that underscores its commitment to innovation, Alibaba (NYSE: NYSE:BABA ) has unveiled over 100 new open-source artificial intelligence models, including a cutting-edge text-to-video generation tool. As the tech giant seeks to outpace both domestic and international rivals, this new release reflects its ambition to lead the global AI race. AI Innovations to Revolutionize Industries Alibaba's new models, part of its Qwen 2.5 family, boast advanced capabilities in mathematics, coding, and language comprehension. These models are designed to support industries such as automotive, gaming, and scientific research. They mark a major milestone in the company's ongoing efforts to integrate AI into multiple sectors, positioning itself as a key player in the AI ecosystem. What sets these models apart is their open-source nature, a strategic move that allows developers, researchers, and companies to build their own generative AI applications without the need for costly training. With over 40 million downloads of previous versions, Alibaba's decision to open-source these models is expected to broaden the reach and influence of its AI offerings globally. The launch of the text-to-video generation tool is another exciting development. This tool allows users to input a prompt and have AI create a video, similar to OpenAI's Sora. Such advancements have the potential to revolutionize content creation, marketing, and entertainment, and further cement Alibaba's standing in the AI space. Competing with Global Titans Alibaba (NYSE: NYSE:BABA ) faces stiff competition from domestic rivals like Baidu (BIDU, 9888.HK) and Huawei, as well as U.S. tech giants such as Microsoft and OpenAI. Unlike Baidu and OpenAI, which rely on a closed-source approach, Alibaba (NYSE: NYSE:BABA ) has adopted a hybrid model that combines both proprietary and open-source AI development. This strategy allows the company to cast a wider net and attract a more diverse user base, while maintaining control over its top-tier proprietary models. Among its proprietary models, Qwen-Max 2.5 stands out. This model, which is not open-source, has been touted as surpassing rivals such as Meta’s Llama and OpenAI’s GPT-4 in areas like reasoning and language comprehension. This positions Alibaba to compete directly with the world's most powerful AI systems. Driving Growth in Cloud Computing Alibaba’s AI push is also expected to boost its cloud computing division, a sector in which the company has traditionally lagged behind global leaders like Amazon and Microsoft. However, with its new suite of AI models and tools, Alibaba Cloud is poised to attract a broader customer base, both inside and outside of China. Eddie Wu, the CEO of Alibaba, highlighted the company's commitment to AI and cloud computing in a recent statement. "Alibaba Cloud is investing, with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure," Wu said. His leadership comes during a time of significant restructuring at Alibaba, as the company seeks to rejuvenate growth amidst rising competition and a slower Chinese economy. Technical Outlook for NYSE:BABA Stock The positive sentiment surrounding Alibaba’s AI advancements has already had a noticeable impact on its stock. As of today, NYSE:BABA is up 4.5% in premarket trading, showing signs of strong investor confidence. From a technical perspective, NYSE:BABA ’s stock is forming a bullish “cup and handle” pattern on its daily chart, which is often considered a powerful reversal indicator. If the stock reaches the pivot point set at the resistance zone, this could further accentuate the pattern. With the Relative Strength Index (RSI) currently at 57, the stock appears primed for a potential breakout. The convergence of strong technical indicators, such as the cup and handle pattern, and positive fundamentals—namely the release of Alibaba’s AI models and tools—suggest that NYSE:BABA could be poised for significant gains in the near future. Final Thoughts Alibaba's strategic investments in AI and cloud computing are laying the groundwork for long-term growth. By embracing open-source AI development and introducing cutting-edge tools like text-to-video generation, the company is positioning itself to become a global leader in the AI space. For investors, Alibaba’s stock presents a compelling opportunity, especially given its recent technical setup and the promising growth prospects of its AI-driven initiatives. As the competition in AI continues to heat up, Alibaba (NYSE: NYSE:BABA ) is proving that it is not just keeping pace—it’s setting the standard for what’s possible in the next generation of technology.
NYSE:BABALong
by DEXWireNews
Why would it hold? BAIDU Big LevelChina stocks have been beaten up in recent years as the US equities leave them in their wake. From hearing NVDA is larger than the entire china equity market, to China will always be in a bear market…are we finally into enough of support to see a material rally? BIDU is hitting a monthly support . This also happens as the US markets could be running into a distribution phase. Will the US Dollar staying below $102 help this emerging market company?
NASDAQ:BIDU
by Trading-Capital
1
Alibaba: Cheap PricesAlibaba continues to position itself as a dominant force in e-commerce, cloud computing, and international growth. With new developments and expanding global influence, the company offers significant upside potential for investors & business owners and consumers. NYSE:BABA [Financial Performance: Revenue Growth: Alibaba reported a 5.9% year-over-year increase in revenue, reaching ¥950.25 billion for the 12 months ending June 2024. This growth is driven by robust performance across its core e-commerce platforms and rapid cloud computing expansion​ Cash Flow: Alibaba has demonstrated a solid cash flow of $11.04 per share, with a price-to-cash-flow ratio of 7.68, reinforcing its ability to maintain liquidity and pursue investments​ Cloud Computing and E-commerce: Cloud Business Expansion: Alibaba Cloud continues to expand rapidly, now accounting for a significant share of revenue. It remains a strong leader in China, with international expansion efforts helping it challenge other global cloud providers​ International Growth: The company is gaining traction outside of China, leveraging platforms like Lazada in Southeast Asia, a key driver of international growth​ Technical and Market Analysis: Stock Performance: As of September 12, 2024, BABA trades at $85.39, representing a 10.4% gain year-to-date. Despite recent fluctuations, analysts remain optimistic about its future performance​ Price Target: Analysts have set a consensus price target of $107.61, suggesting a strong upside potential of over 20%. BABA's current valuation at a P/E ratio of 18.93 remains attractive, signalling room for growth​ Strategic Outlook: AI Investments: Alibaba's investments in AI are expected to enhance its cloud offerings and improve the efficiency of its e-commerce platforms, making it a leader in innovation​ Long-Term Potential: Despite regulatory challenges and geopolitical risks, Alibaba's strong financial position and focus on international markets make it a compelling investment for those seeking long-term value. ATH? Lol. $84.70 NYSE:BABA
NYSE:BABALong
by lognomics
Alibaba - The Bleeding Is OverNYSE:BABA dropped roughly -75% after it broke the long term trendline towards the downside back in 2021 before it found some strong support at a previous horizontal support level. Click chart above to see detailed analysis 👆🏻 Bulls are still not giving up on Alibaba and after the strong retest and reversal of the all time low back in 2022, Alibaba managed to consolidate and stop the agressive downtrend. If Alibaba actually manages to break back above the confluence of resistance, this stock is actually back to a bullish market and we could see the beginning of a new uptrend and maybe even new all time highs. Levels to watch: $81 Keep your long term vision, Philip - BasicTrading
NYSE:BABALong
by basictradingtv
6
Alibaba's antitrust scrutiny concludes with a positive outcomeChina's State Administration of Market Regulation (SAMR) has officially concluded its antitrust investigation into Alibaba, indicating satisfactory compliance by the e-commerce giant with anti-monopoly laws. This investigation, which began in 2021, resulted in a substantial fine of 18.23 billion CNY (approximately 2.6 billion USD) due to practices restricting sellers from exclusively choosing Alibaba's platform over competitors. SAMR noted that Alibaba's remediation efforts have produced "good results," addressing issues related to its previous "pick one" policy, which unfairly bolstered its market dominance. Technical analysis of Alibaba Group Holding Ltd ADR (NYSE: BABA) A review of Alibaba's stock performance offers insights into potential trading opportunities based on its current technical landscape: Timeframe : Daily (D1) Current Trend : the stock is exhibiting an upward trend, having recently breached the resistance level at 85.80 USD, which now serves as support Short-term Target : the immediate upside target is at 90.70 USD, contingent upon breaking past the current resistance Medium-term Target : If the momentum continues past the short-term resistance, the next target is at 96.50 USD Key Support : established at 79.20 USD Downside Scenario : a reversal below the key support level could trigger a potential decline to 71.50 USD, signalling a bearish shift Market outlook Following the conclusion of the antitrust investigation and subsequent compliance measures, Alibaba's stock is showing signs of resilience and potential growth. Investors and traders might find this development encouraging as it not only alleviates regulatory uncertainties but also highlights Alibaba's adaptability to stringent market regulations. As Alibaba continues to navigate the competitive e-commerce landscape with renewed regulatory compliance, its stock may witness further appreciation, making it a compelling watch for potential upward movements. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:BABA
by RoboMarkets
1
Technical Analysis on Alibaba (BABA)Alibaba ( BABA ) has been in a long-term downtrend that began in October 2020. In the medium term, however, the price has entered a phase of compression, suggesting a possible pause or reversal of the trend. Analyzing the volumes using the Volume Profile, we can see that the price is currently caught between two key Points of Control (POC): POC 1: A significant volume level that considers the entire historical data of the stock, located around the $80 area. POC 2: A medium-term POC that reflects the current phase of compression. Bullish Scenario: To consider a potential bullish scenario, it will be necessary to wait for the price to reach POC 1, located around the $80 area, followed by a breakout and a possible retest of the descending trendline. The first significant resistance and target for this bullish scenario is around the $120 area. Bearish Scenario: For a continuation of the downtrend, it is important to monitor the price in relation to the two POCs. If the price drops below both levels and breaks the ascending line, with a possible retest, we could see an extension of the downward movement.
NYSE:BABA
by Giovanni_Bandini
Alibaba Spike 4% After Completing Three-Year Regulatory OverhaulOverview Alibaba Group Holding Ltd. (NYSE: NYSE:BABA ) saw its stock jump 4% in premarket trading following the completion of a rigorous three-year regulatory overhaul mandated by China’s State Administration for Market Regulation (SAMR). This milestone marks a significant turning point for Alibaba, as it moves past one of its most challenging periods and signals potential new growth opportunities for investors. Regulatory Milestone: The completion of Alibaba’s regulatory rectification process comes after the company was hit with an antitrust fine of 18.23 billion yuan ($2.6 billion) in 2021. The fine was a result of practices deemed monopolistic, specifically the “choose one of two” policy, which forced merchants to commit to one e-commerce platform over another. Over the past three years, SAMR has supervised Alibaba’s compliance efforts, culminating in the cessation of these monopolistic behaviors. The regulator’s announcement of “effective results” underscores Alibaba’s adherence to new operational standards and improved market practices. Fundamental Analysis: This regulatory approval is more than just a relief for Alibaba (NYSE: NYSE:BABA )—it represents a potential catalyst for renewed investor confidence and market performance. The removal of regulatory constraints opens the door for Alibaba to refocus on growth strategies and innovation. Despite facing significant scrutiny and a dramatic 70% decline in stock value since its peak in 2020, Alibaba has shown early signs of recovery. The June quarter results revealed a rebound in cloud computing revenue and robust e-commerce transactions, reflecting a positive trend in the company’s operational performance. Technical Analysis: From a technical standpoint, Alibaba’s stock is positioned for a potential bullish trend. The recent 4% surge in premarket trading is indicative of strong market sentiment and investor optimism. The stock is currently exhibiting a gap-up pattern, as there were no trading activities leading up to this surge. The Relative Strength Index (RSI) sits at 52, suggesting that the stock is neither overbought nor oversold. This neutral RSI position is favorable for further growth, provided buying momentum continues. Future Outlook: The completion of the regulatory overhaul represents a “new beginning” for Alibaba, according to the company’s statement. The focus will now shift towards innovation and enhancing compliance, with a strategic emphasis on technology investment and promoting a healthy platform economy. The endorsement from SAMR could also signal a broader softening stance from Chinese regulators towards the tech sector, which has been under intense scrutiny since late 2020. However, challenges remain. The broader tech industry continues to grapple with cautious consumer spending and a slower funding environment for startups. Alibaba’s path to sustained growth will depend on its ability to leverage this regulatory victory into tangible business outcomes and maintain momentum in a competitive market. Conclusion: Alibaba’s completion of its regulatory overhaul is a pivotal moment for the company, offering both technical and fundamental reasons for optimism. The stock’s recent surge reflects renewed investor confidence, while technical indicators suggest potential for further gains. As Alibaba transitions into this new phase, stakeholders will be watching closely to see how the company capitalizes on its regulatory victory to drive future growth and innovation. Investors should remain vigilant and monitor upcoming earnings reports and market trends to gauge Alibaba’s ability to sustain its recovery and capitalize on its renewed operational freedom.
NYSE:BABALong
by DEXWireNews
Alibaba Group | BABA | Long at $80.00Alibaba Group NYSE:BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of NYSE:BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, NYSE:BABA is in a personal buy zone. Target #1 = $89.00 Target #2 = $94.00 Target #3 = $107.00 Target #4 = $116.00 Target #5 = $305.00 (very long-term view...)
NYSE:BABALong
by WorthlessViews
Alibaba (NYSE: $BABA) Misses First-Quarter Revenue EstimatesAlibaba Group Holding Ltd. (BABA), China’s e-commerce giant, faced a challenging second quarter in 2024, as reflected in its earnings report that missed market expectations. The company, which has been navigating a complex economic landscape marked by rising competition and cautious consumer behavior, saw its shares dip nearly 4% in premarket trading following the disappointing results. Key Financials and Earnings Miss For the quarter ending June 30, 2024, Alibaba ( NYSE:BABA ) reported revenue of 243.24 billion Chinese yuan ($34.01 billion), falling short of the 249.05 billion yuan expected by analysts. Net income also took a hit, dropping 29% year-over-year to 24.27 billion yuan, compared to the 26.91 billion yuan expected. The revenue increase of 4% year-on-year was overshadowed by the significant drop in net income, which the company attributed to a decline in income from operations and an increase in impairments from its investments. Challenges in Core E-commerce Business Alibaba's core China e-commerce business, which has been the bedrock of the company’s success, continued to face headwinds. Sales from the Taobao and Tmall group, representing Alibaba’s domestic e-commerce segment, fell by 1% year-over-year to 113.37 billion yuan. Despite efforts by CEO Eddie Wu to stabilize and rejuvenate this segment, the company is struggling against a backdrop of increased competition from rivals like JD.com and Temu’s parent company PDD Holdings. The Chinese consumer market, which has been slow to recover from the economic downturn and high job insecurity, further exacerbates Alibaba’s challenges. Although Alibaba reported “double-digit” growth in gross merchandise value (GMV) within its Taobao and Tmall platforms, this was not enough to offset the overall revenue decline. Global and Cloud Segments Show Promise While the domestic market remains challenging, Alibaba's international e-commerce division offered a bright spot. Revenue in this segment grew by 32% year-over-year, driven by strong performances from platforms like Lazada and Aliexpress. This growth reflects Alibaba’s strategic focus on expanding its global footprint and catering to the increasing global demand for affordable Chinese goods. The company’s cloud computing division also demonstrated resilience, with revenue rising 6% year-over-year to 26.5 billion yuan. This marked the fastest growth rate for the cloud segment since Q2 2022. Alibaba’s cloud unit, which has been a focal point for future growth, benefited from its investments in artificial intelligence (AI) and the introduction of new AI-related products. The cloud division’s adjusted earnings before interest, taxes, and amortization (EBITA) soared by 155% year-over-year, highlighting improved operating efficiency and a focus on higher-margin contracts. Strategic Shifts and Future Outlook Alibaba ( NYSE:BABA ) has been undergoing significant structural changes since 2023, including a major corporate overhaul that split the company into six business units. CEO Eddie Wu, who took over leadership in September, has been keen on refocusing the company’s strategy, particularly within its core e-commerce business. This includes reducing reliance on direct sales and enhancing monetization features for third-party merchants on Taobao and Tmall. Wu has set ambitious goals to return the Taobao and Tmall businesses to growth by late 2025, with new monetization strategies expected to play a crucial role. However, the company remains in a transition phase, and the effectiveness of these strategies will be closely watched by investors and analysts alike. Technical Outlook In the premarket trading session on Thursday, Alibaba's (NYSE: NYSE:BABA ) stock experienced a decline of 3.57%. The daily price chart reveals the presence of a bearish hanging man candlestick pattern. However, it is noteworthy that the Relative Strength Index (RSI) stands at 55.80, implying a neutral position that neither indicates oversold nor overbought conditions. Furthermore, the Moving Average Convergence Divergence (MACD) indicator value of 0.284 suggests a bullish trend, supporting a favorable outlook. A notable observation is the convergence of all moving averages (MA) at a singular point. This pattern often signals a potential shift in trend or a phase of consolidation in the market. Such convergence may signify market indecision, with equilibrium between buyers and sellers. Depending on various factors such as the positions of short-term and long-term moving averages, this signal may hint at an impending breakout in the market. Traders are advised to seek confirmation from price action or additional indicators before making substantial decisions. Conclusion Alibaba's Q2 2024 earnings report underscores the challenges the company faces in a rapidly evolving and competitive market. While the company's international and cloud segments show promise, the core e-commerce business in China continues to grapple with significant obstacles. CEO Eddie Wu’s efforts to stabilize and revitalize this segment will be critical to Alibaba’s future performance, particularly as the company navigates through its ongoing transformation. Investors will be keen to see how Alibaba’s strategic shifts play out over the coming quarters, particularly in light of the intense competition and economic uncertainty that continue to cloud the Chinese market.
NYSE:BABA
by DEXWireNews
$BABA | Allocation & Watchlist | Market Exec & Buy Stops |Technical Confluences: - Price action has been consolidating between a Wedge pattern - Price action is at a Demand Zone of all-time lows - Price is starting to slowly break above the 200MA - A break above the resistance trendline (been a good support/resistance TL) would be a significant move. Fundamental Confluences: - Considerably cheap valuations - Still one of the largest e-commerce players, don't see it dropping it off anytime soon - China's economy has been weakening and we are seeing efforts by the China government to help boost back the domestic economy. Potential for revenue boost. ________________________________ Putting in my first tranche of NYSE:BABA allocation for my Long-Term portfolio. Gonna be holding this share for years and will continue adding position with Buy Stop orders. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:BABALong
by weekendanalyst
5
$SPY 8/12 - 8/16- Massive panic sell off last week and a quick quick recovery BUT we are still overall red for the month - If price makes higher highs above $534 lvls we most likely will keep pushing higher so we will look for calls - IF price rejects and starts to make lower lows as well as retest previous demand zones then we should look for puts - KEEP IN MIND there is PPI 8/13, CPI 8/14, and Retail sales + Unemployment 8/15 - Earnings for Retail Companies are next week as well so keep an eye on NYSE:HD , NYSE:WMT , NYSE:BABA for any major moves
AMEX:SPY
by Ubaidy100