BABA Decided to go South..!In the weekly charts, you clearly see BABA broke its Bullish trend line after 297 weeks and finished the pullback, and continues its way to the south.
I believe it will see 150 and 130 if it closes below 170.
if you are eager to buy the dips be careful, and wait for coming dips, do not jump the gun until a clear reversal pttern.
Most Chinese stocks build strong bearish trends..!
BABA
BABA reversal ?We can see that BABA made a 5 Waves down on daily. BABA recently made the 1-2 to setup for the reversal. We can see a big green candle near demand with the volume validating the move. BABA retraced perfectly to the 0.618 for wave 2. It also broke neutral and 20day MA is reclaimed and curling up.
However, overall its still making higher lows and we don't know if HSI reversed. With all China uncertainty, becareful and manage risk.
Is this the first wave on daily for the reversal or only intra waves for earnings ? Is it the floor ? We don't know but it looks good keep it on watch...
$BABA - Weekly TF analysisAli Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down.
This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low.
With a a low to trade against, the R:R here is fantastic, with downside risk at 108.70 and upside targets is 175 and 240.
Alibaba signaling a reversal?BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm anticipating short-term bullishness followed by perhaps one more low, and then solid growth.
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📌🦤🦤 Update: $PDD Weekly$PDD is one of (if not) my favorite charts and companies for 2022. Growth in digital commerce/advertising, unique product and deep discount given China turmoil. Weekly bullish divergence ...
Jan ‘23 $100C 💡
$BABA $KWEB $ASHR $SPY $QQQ #Pinduoduo #China #Stocks #Options #Trading
BABA, 4 Hrs, Bat Harmonic PatternMYX:BAT , 4 Hours
BABA, 4 Hrs, Bat Harmonic Pattern
Buy @ 111.43 - 108.82
Sell @ T1: 117.11 , T2: 122.12
Stop Loss @ 106.08
Please. Read the disclaimer, and do your own diligence.
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DISCLAIMER:
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
Alibaba Analysis 04.01.2021Hello Traders,
welcome to this free and educational analysis.
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BABA 2022 LongT1 is ~123 first level, but has potential to reach T2 around 131 - 132 before the end of January.
The ADRs are more about 'what is happening with China regulation' more than anything else. HOWEVER, BABA has one of the best abilities long-term in my opinion. The earnings have been great and their ability to evolve will surely happen -- just as it has with Amazon (AMZN). The big difference is BABA will have the capability to change the landscape by becoming competitive with Apple (AAPL) through chip manufacturing and potentially acquiring companies that compliment companies here in the U.S., who are dependent on specific technologies.
BABA - Alibaba Group Holding LtdBullish - Will require patience like my other trades.
( NYSE:BB NASDAQ:TLRY )
Previous Close 165.24
Open 159.99
Bid 159.56 x 800
Ask 159.57 x 800
Day's Range 158.56 - 161.74
52 Week Range 152.80 - 319.32
Volume 30,294,580
Avg. Volume 20,830,984
Market Cap 436.158B
Beta (5Y Monthly) 0.81
PE Ratio (TTM) 19.25
EPS (TTM) 8.28
Earnings Date Nov 03, 2021 - Nov 08, 2021
1y Target Est 1,788.37
NYSE:BABA
CAPITALCOM:BABA
BCBA:BABA
SIX:BABA
MOEX:BABA-RM
SWB:AHLA
CAPITALCOM:9988
BCBA:BABA
OTC:BABAF
FTX:BABAUSD
MYX:ALIBABA-C3
SWB:2RR
BITTREX:BABAUSD
Baba everyone has a say and me tooRepeating myself
Monthly fib in red, weekly in Blue and short term in Pink
Now let's see where we are, We have gone below 78.6% monthly fib level and ideally I was not expecting that but because it has not closed below 78.2% weekly basis, can we consider 108 as low for now? If yes then what is next level weekly? around 160, that's a big range from 122 but not impossible. Just to be clear I believe eventually it will go below 100 unfortunately but at least not now. Agree or disagree???
Alibaba Analysis 21.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
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..