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
#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?
$BABA #BABA Opportunity or Trap? $BABA #BABA This one I got stuck in the trade, but I am not worry too much about it, over the longer term it will go higher, technical wise, we dropped and hit the support levels.
If you take a look at the charts, it hit the weekly 100MA and bounce off it. Also a previous resistance area that now is support. If you have a longer term outlook, this could be a buying opportunity. If you remember AMZN, FB, GOOG all had these anti trust problems then moved much higher later on.
Though there is a risk being this is a Chinese stock and not know what the government can do. I took half my holds off before this drop for a small lost and I kept half my leaps around with some short calls to pay down the cost. I'll just keep selling calls to pay down the leaps and possibly sell some put credit spreads to speed up the process. I wait till it find a bottom and will add to it.
BABA is still one of the largest business in the world and still have huge growth ahead of it. It's moat is very wide, they got their hands on every business in China. They have monthly active users of 846 million people! Compare to Amazon 200 million. So longer term they are still a great company to buy. Your risk is mostly political and geographical because it's base in China.
Long Term View Of BABA- 50% retracement always has been respected (expecting the same outcome)
- Expecting the same movement as in previous years.
- Price approaching 1M trendline.
- Watching the news, will get in after all the blabla.
Bull on BABA for 2021'Huge price action reversal end of day Thursday. They filled that big gap at $216.50 and will likely ramp this all next week and into the new year. Will likely outperform in 2021' that entry around 216 or lower if you were lucky was an excellent entry price for longs.
Buy alert on the Ann and Fisher signals. CCI close to bullish crossover too.
Buy buy buy in my opinion.
Not trading advice.
Goodluck -
BABA
