$BABA Are you paying attention to detailNYSE:BABA long for weekly progression. Targets outlined on chart. SL at the swing low. Gets get it.
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BABA trade ideas
Alibaba Group Holding Limited (‘BABA’)
Shares in Alibaba Group Holding Limited (symbol ‘BABA’) incurred losses in the second quarter of around 7%. The company’s earnings report for the fiscal quarter ending June 2023 is set to be released on Thursday 10th of August, before market open. The consensus EPS is $1.50 compared to the same quarter of last year at $1.40.
‘As of 31/03/2023 the company is reporting a current ratio of more than 180% showing its ability to repay short term liabilities with the current assets in hand while the total assets outweigh the total liabilities at a ratio of more than 2:1 proving the financial strength of the company at least in the short term.’ said Antreas Themistokleous, an analyst at Exness
On the technical side the price is on the move to recoup the recent losses but faced sufficient resistance on the upper band of the Bollinger bands and is currently correcting to the downside. The 50 day moving average was about to cross the 100 day moving average confirming the bullish trend but the recent correction in the market has not allowed that just yet while at the same it pushed the Stochastic oscillator back to “neutral” levels.
If the price manages to make a valid break below the 38.2% of the Fibonacci level around $94 then the next area of strong technical support could possibly be found around the $88 price area which consists of the 50&100 moving averages as well as the 23.6% of the weekly Fibonacci retracement level.
Baba has been a difficult one for Investors?Alibaba has been a difficult one for me at least.
With all the HYPE about the splitting up to create value actually caused the stock to drop off dramatically and for me was unexpected.
Looking forward, i.ve started to see some support, and I'm looking for a potential upside of +-20% to the 0.8 +- FIB levels.
Time will tell.
Your comments are welcome.
Kind Regards.
Graham.
(BABA) 1H - Bear harmonic patterns + Negative DivergenceOn July 21, price made a successful test and re-test of the Schiff Median Line(black) and rallied to new highs. It has now printed four distinct bearish harmonic patterns. Note the overlapping PRZ's and the price rejection @ 102.43(HOP level of the .618AB=CD). I have plotted the NHR levels(purple dotted) and targets for the Crab patterns(green). I've also plotted a 0-4 Action/Reaction line set(lavender dashed). Note how the action line originating from the July top pivot has a series of six interactions with price(July 19-31). RSI is clearly showing Negative Divergence. Price action since July 28 has the appearance of a discordant 3 Drives Top pattern. The recent reaction has printed an Entry Confirmation Line(blue horizontal). The grey lines above the patterns are Harmonic Optimal Price lines associated with the patterns. Entries based off of this analysis should be made above 101.08. The ideal entry was at the interaction with the 0-4 A/R set when it occurred above the PRZ's. I would not be surprised to see a gap down tomorrow, but I am wishfully stalking for a re-test of the ECL entry.
Technical and digital analysisWe notice that we are in the process of a correction for the ascension, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy and there is divergence
BABA BULLISH SCENARIOAlibaba has decided not to join the share buyback of its fintech arm, Ant Group. Ant Group remains an important partner, and Alibaba wants to maintain its shareholding. The buyback was initiated following Beijing's crackdown on web giants, with Ant Group receiving a substantial fine. Alibaba's stock value in Ant Group remains lower than in 2020 when an IPO was canceled. Speculation arises about a potential IPO retry, but significant changes have occurred since then, including Alibaba's split into six companies and a reshuffling of its executive leadership. Earnings anticipations set BABA in a good direction.
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BABA [Alibaba] 4H ( Bullish Scenario) BABA on the daily timeframe are showing favorable conditions. If the $100 resistance level is broken, it could potentially lead to higher figures. However, in case of a rejection from this level, the stock might undergo a correction towards the support areas at $95 and $91 before resuming its upward movement.
Alibaba low risk high profit set up
NYSE:BABA
Alibaba is at demand zone currently testing the down trend price channel which it broke out from it earlier and tested the higher levels now retraced taking support at demand zone go long low risk high profit trade,
BABA - Yet Another Great Market DishThe markets are dishing up great buys for those with eyes to see.
Have been watching this one a long time and the bear market was a classic Elliott Wave 1:1.618:1 which revealed the impulsive SC Selling Climax low.
The first clue that the accumulation was entering the end phase was moving out of the Pitchfork that has held price for so long.
We have made out first entries upon the first weekly candle close outside of the Pitchfork outer warning line.
Now this is breaking out, this will likely go on to engulf the previous high as it moves through a lucrative bull market.
Could yet see a pull back as it is still well within the larger AR Automatic Rally accumulative range and if it does we'll be looking to buy the dip at a significant landmark.
Not advice.
BABA $105 strike volume = 20,784 and Open int.= 36,8 AUG 11-25BABA seems to be moving accordingly to my due diligence a couple weeks back...institutional and retail money appears to be stockpiling at strike $105 ...I anticipate a pullback around $101.5...if this happens then these $105 strike contracts everyone loving could go on sale for me and you.
$BABA INVERSE HEAD & SHOULDERS - DAILY.NYSE:BABA
Inverse Head and shoulders forming on the NYSE:BABA daily. Could run up to 105 and if that resistance is broken and becomes support, could then run to 121. Trade safe!
Alibaba Group Holding buying opportunityAlibaba is potentially in the process of making a head and shoulder patten.
Break of neckline should be with heavy volume to be successful.
BABA heading back to 200 +100% gainWith this being beaten up for years, the monthly looks to be building a support finally.
I usually try to stay away from chinese stocks, but I am long here
$BABA Inverse Head & ShoulderNYSE:BABA Inverse Head & Shoulder. The inverse head and shoulders pattern is a bullish reversal pattern that is often seen in stocks that have been in a downtrend. The pattern is characterized by three troughs, with the middle trough being lower than the other two. The neckline is the horizontal line that connects the bottoms of the two outer troughs.
If the price of BABA breaks above the neckline, it would be a signal that the downtrend is over and that the stock is likely to move higher. The target price for the breakout would be the distance between the neckline and the head of the pattern.
Of course, no pattern is guaranteed, and there is always the possibility that BABA could break down below the neckline instead. However, the inverse head and shoulders pattern is a bullish signal that is worth watching for.
BABA 120 within 30 daysBABA is keeping its stance pretty well, which it rarely does. I predict it will reach 120 in less than 30 days. Tomorrow, maybe we will see a two digits gain. The 120 call is 0.5 dollars. It is going to 10-X at least..
BABA LongRejected today at the trendline, continues to consolidate on the weekly. Once it breaks over $100 it should start a large move towards $157.83
Here's Why $BABA Could Skyrocket Even Higher!Analysis:
Looking at the dataset, it's evident that both the Macro PVVM and Micro PVVM scores for Alibaba ( NYSE:BABA ) show an overall increasing trend over the examined period. The Macro PVVM went from a score of around 0.58 to approximately 54.24, demonstrating a significant uptrend. The Micro PVVM also moved from -53.71 to 40.23, showing a reversal from a bearish to a bullish momentum in the short term.
The close price of NYSE:BABA has been generally increasing along with the PVVM scores, indicating that the bullish momentum has been affecting the stock's price positively.
Key Takeaways:
There's an established bullish momentum, indicated by the upward trend in both the Macro and Micro PVVM.
The Micro PVVM has crossed from negative to positive, suggesting that the bearish short-term movement seen at the beginning of the period has turned into a bullish one.
The most recent close price of $98.33 is the highest over this period, further confirming the bullish sentiment.
Trading Strategy:
Given the bullish trend and movement, it would be a good strategy to maintain a long position on Alibaba. However, traders should keep an eye on the PVVM scores. If there's a sudden drop, especially in the Micro PVVM, it could indicate a reversal in the short-term movement.
Since both Macro and Micro PVVM are in positive territory and increasing, traders should look for opportunities to enter long positions on pullbacks, as the overall trend is upwards. Keep in mind the rule that the best long entries are when both PVVMs are low and start showing signs of strengthening.
$BABA Bearish to bullish reversal bottoming phaseNYSE:BABA Bearish to bullish reversal bottoming phase. The parallel down trend has ended and NYSE:BABA is currently in a bottoming pattern show on the weekly chart. This is a long term investment play that can take months before it can start to go higher.
BABAMy view of the stock BABA for the coming period may be that during the next month, the goals will be achieved
BABA running in upside channelSince BABA hit all time low in Oct 2022, it have been consistently keep above $80. The Stock show a nice consolidation and now for a short term trend it’s been running inside upward channel.
This is mainly based off on technical analysis.
LONG baba @83.97for some reason i cannot see my idea posted earlier .
BABA recently broke out of weekly downtrend off monthly demand zone.
i am long BABA from 83. first target would be 120.
140 is a key zone , if we get through 140 then upside potential is 160 and then 220.
DYOR before investing
$BABA, could it be?NYSE:BABA appears to be setting up for a nice move. I’m moving cautiously with this one due to the MACRO environment. If things continue the way they are, this may be one to keep an eye on. This is a heavy news inflated couple of weeks ahead which could cause extreme volatility.
