$BABA COMPLETE ELLIOT WAVE ANALYSIS Based on my Elliot Wave analysis of NYSE:BABA , it appears that the stock has been following a corrective pattern since its inception, with the peak occurring during the 2020 bull run. Since then, it has been in wave B, currently progressing into subwave C of wave B. The trend is strongly bearish, indicating a downtrend.
I anticipate wave B to conclude around $18.90, although this is an estimation derived from Fibonacci ratios and could potentially fluctuate between $58.01 and $18.90. However, considering the length of sub wave A, the likelihood leans towards the $18.90 mark.
Babashort
The most likely scenario on BABAbased on the price pattern has been formed in the last 3 years, the most likely scenario is what is shown by the blue line marked on the chart.
due to the last move of the price and disability to catch the Last High which is marked by the orange line, market structure hasn't changed and downtrend is still continuous.
so i'm expecting a new low and all of the mentiond fact beside the weakend downtrend show me a scenario which is marked on the chart by blue line.
Alibaba to breakdown?Alibaba - 30d expiry - We look to Sell a break of 79.38 (stop at 84.38)
The primary trend remains bullish.
The stock is currently underperforming in its sector.
This is currently an actively traded stock.
Daily signals are bearish.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
79.48 has been pivotal.
A break of the recent low at 79.48 should result in a further move lower.
Our profit targets will be 67.38 and 65.38
Resistance: 85.00 / 88.50 / 91.43
Support: 82.70 / 79.48 / 75.00
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Sell From First Candle 15/09/2014 - 04/10/2022 Low was 423 weeks. Expected bottom at 08/05/2023 a during of 451 weeks from Origin.
423/451 Variation
Vector Magnitude from 28/09/2015 low -26/10/2020 Top = 372.73 units
Time distance from 28/09/2015 low - 04/10/2022 Bottom = 369 weeks (-3 weeks)
Vector Magnitude from 26/10/2020 Top - 04/10/2022 Bottom = 282 units
Price units from 26/10/2020 Top - Expected Low = -279 points (-3 points)
26/10/2020 Top price = 319.32 USD with +262.11 points range
Total points range from Zero= 319.32
1/3*319.32 = 279 points at USD 39.92 price unit
From origin 15/09/2014-26/10/2020 Top = 319 weeks
319*1.4142 = 451 weeks. Use tight SL
BABA Short IdeaGood setup for a short. Equity reached highs of the last run and starting to stumble while market ripping and showing some reversial potential here. Also not surprising is that it was one of the leaders in the up move and now is signalling where the market may go next. Red line SL, green lines TP 1, and 2, respectively. GL
BABA in a falling wedge (NEW)BABA stock has been in a long-term downtrend.
We're expecting the price to continue droping as it looks like it got rejected from the downsloping resistance line on the weekly timeframe.
What we can see on the chart is a pattern called a falling wedge.
Most likely the price will revisit $60 or lower but eventually we expect the breakout in Q2 or Q3 2023.
How to trade:
Enter long position if/when we get a breakout with a volume increase.
Final target and the take profit level are shown on the chart.
Good luck
Alibaba Group Holding Analyze 🔄(Update)🔄!!!First, I have to back to my previous idea about Alibaba Group Holding. Do you remember it? 👇(it moved as I ✅expected✅).
BABA passed main wave B in the Resistance Zone, and I expect it to go DOWN to the end of main wave C that I showed in my chart.
Alibaba Group Holding Analyze (BABAUSD), Timeframe 4H⏰ (Heikin Ashi).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Alibaba: more room to fall?Alibaba
Short Term
We look to Sell at 87.83 (stop at 92.37)
We look to set shorts in the early trade. The medium term bias remains bearish. Short term bearish momentum has stalled. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Our profit targets will be 78.05 and 73.21
Resistance: 100.00 / 120.00 / 138.00
Support: 90.00 / 78.00 / 75.00
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6/26/22 BABAAlibaba Group Holdings Ltd. ( NYSE:BABA )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $309.183B
Current Price: $117.62
Breakout Price: $120.00
Breakdown Price: $85.00
Buy Zone (Top/Bottom Range): $102.65-$87.00
Sell Zone (Top/Bottom Range): $113.80-$124.95
Price Target: $128.40-$131.70 (1st), $167.50-$171.10 (2nd), $15.70-$14.00 (3rd)
Estimated Duration to Target: 29-31d (1st), 117-124d (2nd), 340-356d (3rd)
Contract of Interest: $BABA 7/15/22 120c, $BABA 10/21/22 130c, $BABA 6/16/23 100p
Trade price as of publish date: $6.47/contract, $11.98/contract, $14.93/contract
$BABA Retest/Short Opportunity
Filled downside gap in a hurry, another gap up held for 2 days. Some brewing rumors hitting wires "China to impose compulsory measures on a person with surname of Ma" per Chinese media.
I think this retests a vwap ($108.41 to be exact) and an obvious place of resistance and sellers. Depending on global macros this could change quickly obviously.
Looking for a probing of $108-$110 then rejection. Always size appropriately for you're own risk management. A bevy of stops set below $80 is likely which could flush this down closer to it's all time lows.
BABA the Daily Journal sold 50% of its stake in itIf you haven`t sold on growth concerns:
Then you should know that after averaging down multiple times, Daily Journal Corp, where investor Charlie Munger served as chairman until very recently, cut its stake by roughly 50%.
My expectation is to see a double bottom in BABA this year.