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.
BABA
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.
DADA buy zone in my offset sniper scope Snipe some calls in DADA once you see that cross occur on the MACD. Set a stop loss and enjoy!
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BABA: The head and shoulders model is possible.The price may decrease to the area of support level 230.
Looking for it to fill the Gap to $300After being destroyed by bad press for a whole month BABA has been slowly up-trending. The chart looks bullish to me now, and looking to fill that gap to 300. Might need one good piece of news to take it there. But the possibility definitely there.
ALIBABA Long PositionALIBABA going on a trendline, forming an ascending triangle pattern
Macd and Stochastic showing reversal signs
This stock is considered very undervalued
Taking a rough road due to China-USA tensions, Covid-19 and later the disappearing Jack Ma
We will see probably a breakthrough the resistance level 270 heading to the 310 again.
(We can also see a break on the trendline and the stock falls to his support)
Lets see...
A clear breakout from descending trendline confirms the upside !A clear breakout from descending trendline confirms the upside ! More upside but try to get a good entry point!
BABA analysis + PRICE LEVELSBABA is still under resistance $269. Wait for the triangle BREAKTHROUGH and SELL—TP around $246.
If we go higher, BUY above $270 with a retest.
LEVELS BUY:
$244
$227
$217 STRONG BUY
Friday is a big day - go long regardless, a lot of people are...this has been a text book chart up until this point. with lower volume and shorts attempting to retake control, tomorrow's trading day should be epic! go long regardless...
science + patience= winning. the headlines change from day to day but the story remains the same. you are investing in disruptive technology. know what you own...
BABA breakout to the upside after initial agreement was reached!BABA breakout to the upside after initial agreement was reached!
Maintain Long Position for AlibabaLast week, there was a slight pullback, but overall the rebound from the lower gan fan still will increase the momentum of this NYSE:BABA
Next week's trading range will be around 251.28 - 266.28. So, if your current position is below this range, you can use this range to close the position and/or average up/reentry on the bottom range.
The next strong resistance will be around 285, but the first challenge will be around 275. Cut loss position will be the nearest Support around 245.
I will maintain my current ideas for the Long position with these conditions.
Have fun and safe trade.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Patience + Science Science always wins. It just a matter of time. Friday is setting up to be ELECTRIC.
BABA TO RETEST ATH IN COMING MONTHSBABA has broken out of the wedge pattern and has begun to accumulate.
We think BABA will break out on earnings and test the 270 price target.
We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include:
1) Strong Pandemic recovery
2) China is set to outgrow the United States in 5 years instead of 10 years
3) BABA is severely undervalued
4) BABA will rekindle a relationship with the Chinese gov and an ANT IPO will most likely play out
5) Big money is flowing into China as a safe haven.
AlibabaBABA formed very bullish pattern
Chinese company - the largest online trading platform for the largest market in the world
ALIBABA Best time to buyPattern: Bullish Megaphone on 1D.
Signal: Buy as the 1D MACD has formed a sequence that since November 2018 designated the bottom. Buy if the Jan 20 High breaks or on the 0.5 Fibonacci retracement level.
Target: 310 (just below the current Resistance).
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