BABAUSD BABA -Short term bounce on BABA and its token coin(s) !!Different traders have different styles. I tend to like the thrill of catching massive bounces just for the thrill. Is it gambling or calculated risks? The trick is to look at different timeframes. We know with this year long crash, the cat will at least bounce. Maybe not too high, but at least a little.
BABA is interesting because it's truly a multinational stock. Imagine which company could "buy" Binance? ;-) They are both owned by the same entity and it's not Wall Street.... If you don't know who Binance is, you will. It's the amazon of Crypto. Let's get back to Just Charts!
The daily shows a buy zone in the $129-144 so. These intersections should provide a fairly solid bounce platform. With the US just printing trillions every 6 months, BABA and all equities will see a sharp upswing as fraudulent fiat currency debasement continues with no end possible except a solid reserve currency that cannot be manipulated.
BABA is available as a token, "coin" on (as of today, it's a disaster waiting to happen):
Uniswap under ticker MBABAUST but one needs to trust the backing. By default assume, it's Bittrex Tehter USDT which is pure crypto toxic. Stay away from that junk. That will cause the next market crash, the takedown of USDT...
And German based and regulated FTX under BABA. There's not a lot of BABA as an FTX based token! The current CoinMarketCap ranking is 5041 These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired or sold unless CM or any of the complex DeFi bits in between blow up.
What are these tokenized stocks? Equities are stocks that trade on traditional regulated exchanges. FTX lists tokens on select equities. These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired. FTX is a closed exchange since you have to become a customer of CM-Equity. They aren't listed on leading crypto exchanges like Coinbase, Binance, Gemini, Kraken etc
It will be nice when cypto leaves the "wild west" and these large multination issue their own tokens backed by their own stocks and under their custody. Leave out all the banksters middlemen!
BABA
BABA Loses half its value in a year. $128-$140 oversold?Like they say, don't try to catch a falling knife. Maybe, if I comply with the antiquated US Markets, I'll buy some of these NYSE ADR but Alibaba needs to issue a direct coin instead so we can buy they shares that way. DeFi it now. Why trust the banksters on Wall Street for "custody" of a Chinese company? That's not really safe... Technology made the banksters obsolete. LOL
DAY/SWING TRADE BABATHIS IS NOT A FINANCIAL ADVISE.
TRADING IS ALWAYS RISKY. THIS IS DAY/SWING PLAY FOR OPTIONS.
PT IS $149.50. GET OUT THERE DONT WAIT.
I know a lot of people will not understand the analysis. But this is my analysis of BABA. Hope this will help you. I DON'T USE ANY INDICATOR OTHER THAN VOL.
ALWAYS PLAY IN THE MONEY.
52-Weeks Low Made for #BABA#BABA has been trading under Bear Pressure for so many months and weeks and this week it has made a new 52-Weeks Low which is a strong Sell as per Technical Analysis. As it is visible on charts, our Fast Moving Momentum indicating further weakness and a possibility of making another Low from here. As it is trading near its support level, this may get some buying interest and may bounce from here for a shorter period of time or this may fall further from here without a dead cat bounce from here.
In both situations, Sell either when the current Low is broken or it rises upto 170-180 and short between this range with SL as 180.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
$BABA $TSLA $HOOD $PSFE I OptionsSwing WatchlistHOOD 2H I HOOD made another big move last week, and moved up 12%+ from our entry. We should see a bounce between $43-$45 before any continuation.
PSFE 1D I PaySafe has an average price target of $14, or a 65% upside from here. We are seeing a possible double bottom near $8 and a bullish divergence on the RSI.
TSLA 4H I Watching TSLA for a break above $780. Every dip has been bought since May, and after a breakout above this trend I truly think it will retest all time high.
BABA 1D I BABA is down 50% from ATH levels reached back on 2020. We have a bullish divergence on the RSI, and will most likely see an ER run up from here.
Baba going down the waterfall. BABAAgain, a large cap has recently pivoted and had started to draw zigzags heading down in due course. Is this a canary in the coalmine?
Fibonacci goals are in green, and invalidation is in red. We know of no more powerful tool in analyzing the markets other than NeoWave / Elliott Wave theory when correctly combined with a few tools in out belt. Make sure to remember that this is not financial advice, and we never give financial advice on this channel. It is your job to create or seek out your own. Good luck out there and be smart!
Next support level???130 could be the next support level for the biggest Chinese company in the market!
While everyone talks about the 300 Billion dollars problem of Evergrande, No one pays attention to a 1.5x bigger problem of BABA.
If you are looking at the fundamental of BABA it could be the most undervalued stock in the market but systematic risk push it lower and lower every day!
220-230 is the fair value for BABA according to fundamentalists, but it seems in the near future BABA will not pay attention to these numbers!
We will wait and see, but its rebound should not be missed. Shorting BABA at these prices is not recommended..!
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$BABA $ROKU $HOOD $PSFE I OptionsSwing WatchlistHOOD 2H I Has an average price target of $55. Its still trading within a falling wedge. We have a bullish divergence on the RSI and saw bounce near our support at $40.
PSFE 1D I PaySafe has an average price target of $14, or a 65% upside from here. We are seeing a possible double bottom near $8 and a bullish divergence on the RSI.
ROKU 4H I ROKU is down 30%+ from recent highs and we have a bullish divergence on the RSI on the 4H chart. Watching ROKU on a breakout from the downtrend.
BABA 1D I BABA is down 50% from ATH levels reached back in October 2020. We are seeing a double bottom near $160 and a bullish divergence on the RSI.