Babalong
Great Long Opportunity on BABA
Great Long Opportunity on NYSE:BABA , but wait and see if VMC green buy indicator keep showing at the end of the month!
Potential 150% gains if BABA reach ATH!
**I think NYSE:BABA is a great mid-long term hold although there is "delisting risk" with the chinese stocks on NYSE**
NYSE:BABA
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BABA Bear Pattern Break upBABA has been battling at the 131.5 level on the daily.
It is currently in a long pattern coming from the downside, but has been basing up currently.
Has some resistance overhead around the 138 level, which if broken can target 140, 143, 148 and finally a gap fill to the 160 region.
If BABA can hold the 131.5 close on the daily for the next few days (as well as the overall market and HSI holding up as well!) and if it can break that 138 level. I would target the above ^.
02/18 140c would work with targets as listed above.
Invalid with close < 131.5 on the daily.
Terrible timing with market OPEX coming up and FED tightening of policies. Never fight the FED. If they're hinting at "risk off" then all stocks - no matter the pattern - will sell off.
BABA reversal ?We can see that BABA made a 5 Waves down on daily. BABA recently made the 1-2 to setup for the reversal. We can see a big green candle near demand with the volume validating the move. BABA retraced perfectly to the 0.618 for wave 2. It also broke neutral and 20day MA is reclaimed and curling up.
However, overall its still making higher lows and we don't know if HSI reversed. With all China uncertainty, becareful and manage risk.
Is this the first wave on daily for the reversal or only intra waves for earnings ? Is it the floor ? We don't know but it looks good keep it on watch...
BABA - Alibaba Group Holding LtdBullish - Will require patience like my other trades.
( NYSE:BB NASDAQ:TLRY )
Previous Close 165.24
Open 159.99
Bid 159.56 x 800
Ask 159.57 x 800
Day's Range 158.56 - 161.74
52 Week Range 152.80 - 319.32
Volume 30,294,580
Avg. Volume 20,830,984
Market Cap 436.158B
Beta (5Y Monthly) 0.81
PE Ratio (TTM) 19.25
EPS (TTM) 8.28
Earnings Date Nov 03, 2021 - Nov 08, 2021
1y Target Est 1,788.37
NYSE:BABA
CAPITALCOM:BABA
BCBA:BABA
SIX:BABA
MOEX:BABA-RM
SWB:AHLA
CAPITALCOM:9988
BCBA:BABA
OTC:BABAF
FTX:BABAUSD
MYX:ALIBABA-C3
SWB:2RR
BITTREX:BABAUSD
BABAWith monthly - weekly - daily momentum all in oversold territory, BABA is currently sitting just above a crucial support on the weekly chart.
I will be expecting a bounce and spending some time in the highlighted area for a while..
I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are finding the bottom finally to neutralize the trend.
Peace..
BABA - POSSIBLE TRADEHello there,
As you can see in the chart BABA is holding the 0.786 FIB level and bouncing from there, also we have a bullish RSI divergence confirming our entry.
We will enter our trade in this level with a SL in the yellow line.
Our target: sky is the limit, you can chose your own percentage.
Cheers.
ALIBABA BOUNCE FROM TREND LINE Alibaba oversold - RSI is low, historically this has preceded growth.
P/E and P/B are low compared to other industry players and historically. Stochastic RSI was also down so tomorrow may be good for a buy.
Debt to equity ratio decreasing. despite a bit of increased dept from a few Quarters ago.
Let's see what the next few days bring, likely will open a buy position. I will update with TP levels.
Hope you enjoy the idea. Let me know what you think below, anything to add or that I miss?
Good day to you
BABAAlibaba is in the correction phase. After having broken the support line, we are correcting Fibo. In search of 61.80% and we still have 78.6% that is at 84 dollars. Now just expect a very visible figure or strong reversal pattern!
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
BABA - STOCKS - 18. OCT. 2021Welcome to our Weekly V2-Trade Setup ( BABA ) !
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4 HOUR
Alibaba group undervalued currently.
DAILY
Most investors panic selling.
WEEKLY
Overall great technical setup!
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STOCK SETUP
BUY BABA
ENTRY LEVEL @ 168.02
SL @ 151.47
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
BABA hit bottom?
The Current Trend
Alibaba shares have fallen more than 10% in Hong Kong trading as the Chinese internet retailing behemoth warned of a decline in consumer spending.
The business predicted that its yearly sales will rise at the slowest rate since its initial public offering in 2014.
The poor results highlight the company's problems with rising competition and Beijing's regulatory tightening. Alibaba's US-listed shares finished the New York trading day down more than 11%.
Price has fallen by 55% from all-time highs. Currently, the stock is testing a critical support zone from May 2019. The next support zone, if this is broken, is at the $130 level.
The DeMarker indicator is showing an oversold level.
Long positions could be started after the price makes a higher low and a higher high, which crosses above 150.00. A possible profitable exit point for this trade is at higher resistance levels: 190.35, and 208.00. A possible stop loss for this trade: 117.50 -- Implementation Period: 7 days or more.
Orders
Order: Buy Stop
Entry Point: 151.00
Take Profit: 190.35, 208.00
Stop Loss: 117.50
Let me know what you guys think.
Disclaimer: I personally own BABA stock in my portfolio.
The above references an opinion and is for information purposes only. It is not intended to be investment or trading advice. Seek a duly licensed professional for investment and trading advice.
My perception of Alibaba's weekly stock chartMy perception of Alibaba's weekly stock chart as follows !
After a five-wave with three continuous shares, it enters a correction in the form of a second wave. This is formed as a flat with a big b wave. maybe just it want to make triangle to ready for powerful third wave .. so buying and maintaining it at prices from $ 140 to $ 150 is extremely attractive
Considering the time of the second wave, , it noted that the third wave is the main continuous wave and has very high goals .. maybe above $ 1500 😁 .. so the long holding stock may not be bad .. though it does bother you a little over time