$BABA at levels of high value.
Alibaba Group Holding Limited (BABA) , also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
It is currently at prices from 2017-2018 and pre-Covid. It has retraced about 45% from its record high which puts it in a deep bear market. Current Fair Value , according to DCF, is $301.
The Technicals show the following:
1) Bollinger Bands show that it is overextended to the downside by 3 standard deviations.
2) The Volume Profile , which measures volume by PRICE , shows that since its IPO, this price level here is where the most VOLUME comes in. This can be translated to, these levels here is were investors find value in the stock.
3) The RSI on the Daily show that it is grossly oversold.
Buying China Stocks here will require mental strength as bad news continues to circulate the Media. This can be compared to the Covid Crash of 2020 where the market took a tumble and the media made retail feel as if the market had no bottom. At the levels that most retail sold was actually the levels to buy. Famous words by the great Warren Buffett when he says "Be fearful when others are greedy, and greedy when others are fearful." Chinese stocks have been in a bear market for over 8 months while companies like Alibaba continue to bring in Billions of dollars in revenue.
We must learn that a stock price does not always reflect the value of a company; it is our job as investors to look for and find that value in the market. For now, it seems as if the long term value is here in Alibaba.
BABA
ALIBABA - Saw support at $180-Shares of Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA) dropped 4% as of 10 a.m. EDT Monday, and given the headlines coming out of China last week regarding how the government is cracking down on tech companies left and right, this is not too surprising.
-As The Wall Street Journal reported over the weekend, the Chinese government is pressing tech giants Tencent Holdings (OTC:TCEHY) and Alibaba affiliate company Ant Group to help it develop a new "state-backed digital currency" -- i.e., a cryptocurrency -- to be dubbed the e-CNY (or electronic Chinese yuan).
-This is bad news for Alibaba because Ant operates the Alipay digital payments network already, and the emergence of a competing e-CNY brings "the risk of eroding the huge user base" that Alibaba and its affiliates have built up over the past decade.
-All of these negative effects dropped the price of BABA greatly. Now that we had enormous amount of drop in this stock, time is to buy it from the dips. This entry ofcourse is suggested for long-term investors rather than the short ones as the state of Chinese stocks and Baba is still under some pressure.
WISH ContextLogic Buy RumorsI know this rumor isn`t new, but makes us think a little bit about WISH`s valuation.
One person close to WISH`s Insiders said Amazon offered $10 billion all-cash to buy the company, and Wish's CEO didn`t agree.
Looking at today`s Market Cap of only 6.438Bil, i would say that from a valuation point of view you can buy it cheaper than Bezos now.
My short term Price target considering also the Avg. Volume of 59Mil per day is the 15usd resistance.
I look forward to read your opinions about it.
BABA longterm (weekly)BABA in weekly is currently forming a falling wedge. We would potentially be ready for a wave 1 after that downtrend, 200 area acted as a support recently, if it can hold again we could potentially start wave 1. I would like to see MACD turning bullish with RSI back over neutral level first. BABA earnings is August 19th, a good report can be the catalyst for the falling wedge break and the comeback of China's giant. Yellow lines are longterm level to watch :)
On july 8th BABA dropped below 200 mental number but we saw a dip buy. Daily candle closed with a wick down and more volume than usual, its good sign.
Opinion : BABA is currently undervalued and could see a massive run after that downtrend break. Keep it on the shopping list !
BABA 3D Buying with a short stop can give a good resultLooking at the global chart of Alibaba Group shares, it appears that the 38% corrective fall is reaching its logical conclusion.
During the fall, each renewal of the minimum was accompanied by a decrease in trading volumes, and the "Bullish Pennant" pattern is formed on the chart itself.
The target for working out such a pattern is in the region of $265-285, which is at least + 30%.
In this zone, you should cover longs and look around to see what the general mood will be in the market.
Analyzing the chart today, we consider the scenario of the continuation of the correction of the price of BABA shares down to $165 , and possibly to $135, after a rebound to the zone of $265-285 from current prices , is more likely.
This assumption will be shattered by buyers if they can confidently fix the price of BABA shares above $285
Let's wait and see who will dominate the market in the future)
$BABA $NOW $CVNA $GLD I OptionsSwing WatchlistBABA 1D I Testing the $205 area for the third time, could be seeing a triple bottom before the breakout from this falling wedge.
NOW 1D I We could be seeing a possible inverse H&S, Watching above the $567 level for continuation and possible retest of $600 before its ER.
GLD 1D I After breaking out from a bull flag back, we are seeing GLD retrace back and possibly making a double bottom near $165.
CVNA 1D I Showed strength last week and it is testing ATH levels. Watching a break above $325 with volume to see it continue run up into earnings.
Has Alibaba found a Bottom? So far no. Alibaba (BABA) has been in a free fall down 36% since October 26th, 2020 when rumors began circulating that he had gone missing or had been arrested by the Communist Chinese Regime (CCP) that same month. Another factor that helped led to the sell off was rumors that Alibaba might be delisted form the NYSE. On Thursday (BABA) fell below $200 which had been a key support, but quickly recovered Friday to $205. At this $200 mark I believe Alibaba has been able to find a support and can start making a move to the up side. Currently is has a strong resistance at $230 which once broken and turn into a massive up run. There are three main factors that led me to believe a major upturn is upon us with BABA. 1. The RSI had hit 30 (1d Chart) when it broke $200. It then quickly bounced off. So with a really low RSI we have a ton of run to run. 2. TTM Squeeze Consolidation. I have been using the TTM indicator for a while now and have found when the indicator starts to consolidate and major run to either side happens and we are currently seeing this consolidation happen. 3. Alibaba is in a descending triangle which means a breakout can happen to either side, this helps support reason 2 and can help fuel a break sooner rather than later. Once I see a Break I will be buying calls. Let me Know what you think.
PDD Gap-up above $113 supply shelf next week will then see $118 (Opinion Only)
Open gap above at $118 + a bullish reversal weekly candle. If EEM and PDD gap up next week where PDD is above $113 this will likely run to $118 to fill that gap above.
A lot of bullish unusual options activity in this name today.
When This Sentiment Shifts Whoa Boy She Will Go Parabolic Higher(This level brings us back to 2018 Highs)
Valuation is extremely compelling.
Eventually rotation into the only place where valuation is compelling will be the only place to be.
Second half of 2021 this will break-out.
We are sitting directly at the 200week Moving Average (200.10)
$BABA short term for double down. Long term moon!NYSE:BABA
It seems $BABA want to test $191.
Based on history since IPO, the share price is in an upward trend. But there is 2 times the candle overshoot the support.
Expect the same, will drop to around $191 before a rebound.
Fundamentally great, can't go wrong unless China forces BABA to close which is impossible.
BABA the Asian King is coming backNYSE:BABA
Bet on the good stock with low risk!
The we need is
.
30 - 50% return in recent years!
For what it’s worth, it’s never too late.
Hey! how many times you shop and search for some deal in the Lazada app? within the Covid-19 struggled you at home.
In Europe and America may not many... but if you are an Asian guy I believe that you open this app bold right now.
Well, Ecommerce is not a new thing but cloud services are hiding from the majority perspective. It's growing up and profitability for the next BABA.
OK don't talk so much.
Buy it or not, you decide.