Bababuy
ALIBABA (BABA) - Opportunity to SELLHey everyone, here's the analysis on BABA, if you find this idea insightful, leave us a like and comment on stock ideas you look forward to next!
Summary:
Strong drop from our resistance zone and trend line, current price could push lower to our S1 zone.
Action:
Sell Limit: 203.00
Stop Loss: 220.00
Take Profit: 188.00
Analysis:
Strong resistance zone at R1, along with our trend line where there was a strong reversal in price. Current price could push lower to our S1 zone if it holds well below our trend line and R1 zone.
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Alibaba: Potential Correction before a Breakout 1D (Apr. 27)X FORCE GLOBAL ANALYSIS:
Alibaba has shown a strong recovery after having locally bottomed due to the Corona Virus (Covid-19). Despite being a Chinese company, the e-commerce giant has not been as severely affected by the gravity of the situation. In this analysis, we take a look at Alibaba's (BABA) technicals and fundamentals to determine the most probable scenario.
Technical analysis
- We have been rejected by the descending trend line resistance marked in the dotted blue line
- The Relative Strength Index (RSI) shows a downtrend, with the formation of lower highs
- The Moving Average Convergence Divergence (MACD) shows decreasing bullish histograms, and a potential death cross
- We are seeing a temporary trend reversal to potentially fill the gaps below
Fundamental analysis
- The Corona Virus has impacted the company as fewer people were able to produce and deliver to their customers
- While supply issues have been handled now, there are now questions about how consumer demand for e-commerce products is holding up amid a period of global economic uncertainty and continued unease about germ spread
- Despite the confusion caused by the Corona Virus (COVID-19), Alibaba continues to invest aggressively into Alibaba Cloud
- As governments aggressively digitize services, cloud demand will be stimulated, and it's likely that Alibaba will be one of the beneficiaries
What We Believe
We believe that Alibaba is a strong company to hold for the long term. Alibaba shows strong fundamentals, and aggressive investments for the future that appear prudent. However, technical analysis demonstrates that we could be seeing a small correction for the immediate term.
Trade Safe.
BABA Projections EOYLikely levels for BABA to float to EOY to early 2020. Based mostly on Fibonacci levels and BABA's usual volatility.
I lean to the long side due mainly to the trend and CMF. I'm looking to buy calls due to the squeeze, after a pop I'll look to sell cheaper calls against it to take some profit.
BABA will also begin trading in Hong Kong this week I believe. We'll see if that has any affect. Will follow up.
- Thanks for reading!
BABA approaching support, potential for a bounce!
BABA is expected to drop to 1st support at 192.55 where it could potentially react off and up to 1st resistance at 171.14.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BABA surges — (SHORT) TP1-3 & stop posted. I Economics/social conditions in nHK makes for a bad year for CCP—Economic analysts put it near worst in 27 years. Honestly I’m terrified because the situation is boiling up and tensions are rising between both sides for many different reasons systemically as each day passes
What did I say about $FB 2 days ago? $TWTR $MSFT yesterday?
Exactly
.
Today it’s all about you Baba
Don’t let the mother FUDDERS fool you -
This thing is running strong despite the hamstring in the Chinese economy alongside with your political crisis that is the HK protests but that will Unfortunately culminate in something much more detrimental or tragically bettering the market when it comes if it comes one thing is certain there will not be a Tiananmen Square to Unfortunately culminate in something much more detrimental or tragically bettering the market when it comes if it comes one thing is certain there will not be a Tiananmen Square 2.0 as That would be the end of CCP
Why? My friends asked me; why is Xi himself mobilizing troops then ? At the bridge Separating its cave mainland China...Well the answer is in the question, He knows he can’t do nothing but at the same time be cant repeat what Mao did for fear of Global backlash— I think we can take our lessons from the Arab spring/Ukraine and several other scandals Is that all it takes is one photo from a smart phone loopeed on $TWRR
This is psy ops on the part of the CCP. Have to remember this thing with you in a minute square was not even 30 years ago so a lot of these people remember vividly and so that’s why I couldn’t really understand why they would put their lives in that situation and expect s different outcome when the “duh” hit me — imagine we had the rape of Nanking, Security camera footage from Auschwitz or some Of Genghis Khan’s slave camp so we would be absolutely a palled especially with the high definition of Genghis Khan‘s slave camps we would be absolutely a palled especially with the high definition HK 4 K ultra.:
The people of Hong Kong know this so they are going to remain resilient and it will be very scary yet very interesting to see how this pans out and while the greedy institutional investors obviously are worried about their pockets I am more worried about those citizens believe it or not they are human beings and I don’t give a shit if I don’t know where they are I do not want to see them get slaughtered..:
Remember: be good to thy neighbor. Happy EBirthday to me
- @a1mTarabichi
BABA approaching support, potential for a bounce!
BABA is expected to drop to 1st support at 168.74 where it could potentially react off and up to 1st resistance at 175.75.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.