BABA
$BABA it is approaching 200 SMA, will it bounce from there?Doesn't look good for a short period but good for long
BABA - Bearish momentumH & S spotted. Failed to thrust through the trendline resistance. indicators turn bearish. next level of support is awaiting
Price prediction till 2022 (50% prob)Tailwinds, strong fundamentals and good policies making Alibaba continuing this mid-term exponential growth.
$BABA back to 300?$BABA is currently sitting on a volume shelf. A break below, 243 and we could see 200s. However we seem to be coming out of a major downtrend that started in October. A break through that trendline after higher lows and some consolidation over the past few days and we could see that 275 gap fill and possibly a push to 290 to fill the biggest gap of all.
Buy Signal: 264.70Stop: 250 First target: 290
China stocks have been lagging over the past month but emerging markets as a whole remain in an uptrend. Unless the environment changes we continue to follow the model looking for a reversal to the upside.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat. To view the entire portfolio and track our performance visit our site.
$BABA can surprise you anytime$BABA, I am not sure what is going with BABA but you will see some quick up or down move soon. Ready for it.
Alibaba Group Holdings Ltd.Monday, 7 December 2020
22:51 PM (WIB)
Alibaba looking great and healthy. Seems no problem internal with the holdings Ltd. It looks normal. It's just a transition move from the top of the head and overbought, to the neckline's formation.
Check for tomorrow if any updated news
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
$BABA - "OPPORTUNITY" NYSE:BABA
BABA on a rollercoaster ride with several negative catalysts getting priced-in causing a significant pullback. Down about 17% from its ATH (as of the time of this writing). Waiting for $265 validation of support, watching two other support levels at $257, all the way down to $240. A breakout of $275 resistance is critical to have a chance to test $280 - $300.
Undervalued company, in my opinion, with a significant competitive advantage in China and its growing economy, Ali Cloud is underappreciated and brings a lot of growth potential in the future. A positive catalyst to also watch is the potential ANT Group IPO along with their successful compliance with S. 945 "Holding Foreign Companies Accountable Act".
LONG all the way. Cheers!
-Kaswrp
ALIBABA forming an ending diagonalAlibaba is forming an ending diagonal in 5 waves, in a minor degree subdivided in 3 waves. There is also a good CRV now for an entry to going long with a target at 370.
US Stock In Play: $BABA (Alibaba Group Holdings Ltd.)BABA bullish reversal coinciding with trendline support, immediate resistance at $280 gap.
Long opportunity with little risk involved on $BABAWe finished a clean three wave zigzag which stopped around 123.6% fib extension. There has been lots of call flows into this name for a while and with the news about the China stocks on the board this seems like a risky play. Based on Elliot Wave theory I am long $BABA and keep adding to my position as long as we stay above the 0.786% retracement zone in the C-wave. Mental stop is somewhere around 260. My target would be at least 306 which offers a great risk to reward from here.
