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Babalong

BABA Long channeling between the .5 and the .382. BABA really obeyed the channel on its descent and when it bounced it immediately began retracing its journey from its nadir. Hard to say what confluence of fundamental events surrounding Jack Ma and ANT IPO and Chinese regulation really did the dent in the price action, but BABA was more or less overbought on the 1hr timeframe according to the RSI in October. There is a small C&H on the 15 minute. If not that, it might be a pennant that forms from the right lip of the cup itself. Would love to see BABA achieve new highs by June so I am longing what I think might be the end of the right shoulder of what I think is a massive inverted H&S. This is not investment advice but the idle musings of an old man.
NYSE:BABALong
by AdamWest
1
BABA TO RETEST ATH IN COMING MONTHSBABA has broken out of the wedge pattern and has begun to accumulate. We think BABA will break out on earnings and test the 270 price target. We believe BABA will retest 320 by mid or late March given favorable market conditions. The following reasons include: 1) Strong Pandemic recovery 2) China is set to outgrow the United States in 5 years instead of 10 years 3) BABA is severely undervalued 4) BABA will rekindle a relationship with the Chinese gov and an ANT IPO will most likely play out 5) Big money is flowing into China as a safe haven.
NYSE:BABALong
by Nirvana_Investment
$BABA Bullish ScenarioA lot of News driving this one unfortunately so difficult to guess what could happen, but fundamentally this is probably one of the most undervalued Enterprise companies out there. Right now it's right at the long term rising trend line support and it touched and bounced off of previous resistance now support around 220. Previous two times it bounced back after going under Weekly 40 SMA and hopefully it does the same this time. Possibly ABCD pattern play but needs to clear VWAP from gap down at around 230 preferably on heavy volume. Would be nice to see RS line straightening and turning upwards as well. Could spend some more time at this support for RSI to hit Oversold area. This is not an investment advice!!! I'm a beginner investor still learning! I like charts and charting so if you have any feedback I would appreciate it. Please keep polite and no sarcasm. Constructive criticism is more than welcome! Traders of $BABA good luck!
NYSE:BABALong
by ivan_ruso_nikolac
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.
NYSE:BABALong
by TheBirdisTheWord
8