BABA
lets go for 238,8 today at hangseng!todays aim is to hit and overtake 200 MA , my price target hit is 238,8.
the conflict between chinese govermnent and Ant group is getting reach a solution step by step
Possible short term rebound. Then $190 till Weekly 200 EMA.Updating my previous idea:
IMO it's possible to see a short-term rebound till $240 where the confluence of fib. retracement 0.5 (ATH to march '20 low) and fib. retracement 0.618 (ATH to dic '18 low) are.
Then, expecting more downside until aprox. $190 were the Weekly 200 EMA is. Just before the february earnings where trend reversal is possible if strong growth continue .
My last short Price Target was perfectly touched.
Thoughts?
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Alibaba (BABA)BABA dropped about 30% since its highs back in October. With all the news going on, we think that the CCP will protect/defend BABA at all costs. As BABA approaches a support level, we think this offers an good entry point to build a position.
BABA trying to break resistance Will BABA break above resistance next few tries? Growing signs are showing. Higher lows baby!
Disclaimer: this is not financial advice.
#BABA - long
Rising wedge / Parallel Channel / Trend Line.
Strong support around $210
Hidden divergence is about to be confirmed.
Target: ~ $350
BABA LOOKS ATTRACTIVE AT THESE LEVELSBaba is now at 2018 levels and looks very attractive.
I'll focus only on Ichimoku weekly.
The tenkan and kijun are acting as support for the lagging span.
The price has reached the top of the cloud, which is acting as support.
Not a bad place to enter a long term trade, with a stop loss at the low of the day.
BABA Clear this one going back up very soon. Don't Miss Out IMOThis one filled the gap at $216.50 on Thursday last week. This is the gift that AMZN never gave us to get back in. If you're a seller or short seller here then I just can't talk sense with you. This thing is about to increase it's revenue growth a ridiculous amount with the new cloud storage business they are ramping up. The news cycle will inevitably change and die down and then they will start to ramp it up again. The ability to get this down here is a last chance type of deal in my opinion.
Happy hunting.
(I'm long with shares and calls)
Not trading advice.
LONG BABAExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Alibaba might pull back before further drop! As the investigation on BABA is still on, the worries is keeping a cap on $baba share price. But technically, BABA is lacking a major pullback to the resistance and this could be a good opportunity to short from .
$BABA - Still Bearsih on technicals $202 potential targetBroke key fib levels. Heading lower on tehcnicals.
Waiting for $195-200 to go longI am going to wait for $200 to go long on this name if it drops more tomorrow, I might start at $211 dollars...
Stock to Watch for 2021. AlibabaStock to Watch for 2021. #Alibaba #BABA $BABA
The best time to buy Tesla stocks was when the SEC announced they were suing Tesla CEO Elon Musk on Thursday, Sept. 27, 2018.
Looking at the chart, Tesla was at $52.95... right now $661.77.
Alibaba shares are down 33% since China targets Alibaba with the anti-monopoly investigation.
Could we see a similar stock performance for Alibaba? What's the price of $BABA in 2 years' time?
For me, it is 100% buy for long term investors.
However, if we buy now it would consider catching a falling knife and I do expect more downside to come or at least 1 more big sell-off toward the moving average line.
Also, by looking at previous chart patterns we need to see a W bottom to form in order to confirm momentum reversal and that Alibaba is heading back up.
Therefore, here is what I would like to see from Alibaba at the start of 2021.
What stocks are you watching?
