$BABA: $200 Short Target + Long PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key points. Doing head and shoulders for recent correlation waves, I think a reasonable short target given the current $194.19 price for Alibaba -2.94% down, (mostly bearish quarter), it is still quite conservative to do a sell off target for $200 for a quick turn over profit. Alibaba is expected to go back up given the time period we are in and it didn't have too bad of hit given the Covid19 period, showing as a Chinese company it is a stable growth stock.
Babashort
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 reaches 52 week high - short now or buy the dipAs Alibaba [BABA}, (currently in an uptrend), enters its 52 week high, and RSI & MACD are overbought, the time could be right to either:
A) buy the dip at support (aggressive trade) or at resistance (a more accommodating trade) at the levels shown.
or
B) for those most adventurous - an aggressive short is likely to 193 (approx) then wait to buy back the dip either from resistance at 191.74 - 193.56 or from the support level at 164.28 - 166.72 (which seems most likely).
Of course you could wait for an entry reason to continue the uptrend. However, always the aggressor, I would choose option (B).
As always enjoy the day, have successs & good luck!
Comments always welcome.
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.
BABA stock price forecast analysis by pretiming01-Jul NYSE:BABA
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -1.3% (LOW), -0.7% (CLOSE)
%AVG in case of rising: 1.8% (HIGH) ~ -0.6% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -2.6% (LOW), -1.8% (CLOSE)