BABA
Expecting Upside from Here for $BABA $233-$234 Fibonacci Tested$BABA I'm expecting some major upside in BABA for the rest of the year.
$233-$234 is likely a major retrace/pivot point.
Fundamentals: Cheaper than any of the mega-cap tech plays except Facebook. More catch-up potential. AMZN of China..
Not advice, opinion only.
Goodluck.
$BABA Perfect Wave Structure, H&S Retest and Fib ExtensionsWave 2 only Weekly chart completed, Wave 3 on the Daily (part of Wave 2 Weekly) completed. Beginning of Wave 3 on Weekly. MACD Improving, RSI at oversold levels.
Nothing more to say, Jan 22' 300$ Calls. Chart Speaks for it self
Long | BABA | Swing TradeNYSE:BABA
Possible Scenario: LONG
Evidence: Price Action
TP1 ~265$
This is my idea and could be wrong 100%
*Call options for next 6 months, Strike 275$
BABA Sells approaching TP 🎯Entry details are shown on the chart.
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The stats for this pair are shown below too.
Thank you.
Darren
Alibaba Long (great value company)As other companies that are great and face drops on negative news (facebook etc..) it will recover. Perfect moment to buy it on the cheap.
A review on what happened to the Market Cap Titans in this week!WATCHING THEM ALL TOGETHER MAY HELP YOU DECIDE BETTER!
No need to say they have one thing in common, LOWER-highs & LOWER-LOWS and MOST OF THEM SLIPPED BELOW 50EMA!!!
This is the most simple Definition and Sign of the Bearish market!
any bounce back could be an EXIT opportunity.
The bigger the loss becomes, the harder it becomes to accept..!
Moshkelgosha
China's Consumer Discretionary ETFFrom the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42.
Top 5 Holdings:
Meituan (10.38%)
Alibaba (7.92%)
NIO (7.42%)
JD (6.98%)
PDD (5.94%)
BABA - Lets touch the support and fly!After the pandemic-related increase in e-commerce, BABA saw tremendous increases in its revenues.
However, recently they had to drop some heat which resulted in a 15-20% drop. With the current drop, it seems like
BABA reached one of the strong support points which can give us a quick jump back.
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$BABA | Double Bull Flag Breakout: Is The Correction Finished? $BABA formed a second bull flag after breaking out of a large descending channel. Watch for a bounce from the bull flag structure retest above $252.
If market weakness continues then we may see a deeper correction as low as $244 (lower blue zone) where we can look for alternative entries.
Initial target is $290 to fill the gap. Secondary is $302 based on structure. Invalidation below $240.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Alibaba group Accurate forecastAt point 1 you will notice a nice correction pattern that signifies more upside. This is similar to what is happening now at point 2. That is why I expect after the correction at point 2 is completed the uptrend will continue. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
Idea on BABA- Only an idea on BABA even tho am in long term on BABA, this could be a great entry for a possible inverse H&S.
BABA's breakout trade ! BABA is about to break above the upside confirmation, and more upside could be seen from there!
BABA Gap Fill at $276 almost a certainty this weekBABA setup looks clean here. Huge Dark-pool volume buy this morning around $271 level. Must hold that level to keep thesis in-tact.
BABAI got price bouncing off of the $262 support and shooting up towards resistance. Financials are impressive. I don't know much about this company and will due my diligence when time permits.
What do you think?
breakout, new AH, backtest previous AH...as the title states some serious movement/confirmation today.... with a three day weekend coming FOMO and short-panic will set this up for another explosive week along with options expiring on the 19th... its fun to watch but would not consider selling anything under $200 a share... next week PT $15-20...
Baba - LongBaba looks prime for a breakout, with a double bottom on the 65, and an inverted head and shoulders forming.
I'll be picking up a starter entry of 3/19 $300 calls
More when i see confirmation
#flextradinggroup
Bullish on BIDU going into earningsEarnings are still 23 days however since we are in still in bullish momentum from the big up move last Thursday. I expect tomorrow to test and then break last Thursday's high.
