BABA - Oversold to overbought
Everybody knew 77 was ridiculous level for this name to see when eCommerce was booming WW. But when the risk appears in the percentage terms in front of you...its hard to justify the buy. The core of how the titans of the investing world operate. Value is the most when retails is the most scared to touch anything. This applies to many chinese names. Not all of them will end up making money for the investors, but there are big names that should hold well over the next decade - BIDU, BABA, TECHY to name a few
Despite how much the price has bounced, that can't be your reason to trade. Critical indicators are VMA, 30 EMA and ATR buy zone. If you really believe in the turnaround theory (volume suggests yes), any dip below 112 could be used to build a position. right up to 95 as the first stop loss.
Babalong
Alibaba group holdings - BuyAfter the big fall since October 2020, the stock could have found a bottom at 73.17, as evidenced by the island reversal candlestick pattern, that was confirmed by an increase in volume with the second gap. Go long with a stop below the 73.17 low for a rebound towards at least 130.00/140.00
BABA Price TargetThe Price Target for BABA Alibaba is $135.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
ALIBABA , is gonna ready for end this correction eventually ?A three-wave ascent and then a diagonal drop indicate that we are in a larger scale in a triangle or structure.
+ Personally, my entry strategy is wait for the conflict and corrections of the indexes to end and see a confirmation of the end of the downtrend, and I confidently enter with a heavy volume ... because it has good conditions for entry !
+The analysis is based on the fact that the United States reached a trade agreement with China to prevent its enemies from uniting.
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
www.tradingview.com
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.