BABA getting tighter, building pressure for a moveSitting on this volume shelf around120 could trigger a move towards 155+, rejection could send us back 100ish
BABA/N trade ideas
BABA is a thing of beauty!Nearing the D 200MA. It needs to break through and hold and I'm going to be adding to my positions. It got close 4 times in past couple of weeks.
WATCH $BABABullish
Fundamental
- Inflation Macro environment / fear sentiment
- Funds Accumulation
- Positive PE
- Negative PEG ( seems leaning towards a value stock )
- Positive P/FCF
- Weak Sector / Industry / not Leader
- Very competitive online retail market
Technical
- Momentum Theory Indicator - break out downtrend / bottomed out
- Price action formation ( falling wedge )
- Broke out downward trend line and retest
- Price above POC
- Price below major S/R level
- Huge volume spike!
- MACD divergence
Entry idea
- Entry idea was based on few confluences
- Price above major S/R level
- Price above fibo level
- Price above 200 MA
Stop loss set on previous low or POC level
" STEPS BY STEPS, BASE CAMP TO BASE CAMP. I WILL SUMMIT"
Cheers and happy trading!
Alibaba Group (BUY)Correction of the downtrend or resumption of an uptrend...
The breakout of the trendline and the RSI confirms us in the rise of the price in the weeks to come. Fibonacci retracements show us likely targets.
BABA Potential for bullish momentum | 1st July 2022On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 120.88 where the swing high resistance and 78.6% fibonacci retracement are. Once there is upside confirmation, we would expect bullish momentum to carry price to take profit at 139.07 in line with overlap resistance and 100% fibonacci projection. Alternatively, price could drop to stop loss at 104.01 where the pullback support, 38.2% fibonacci retracement and 78.6% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BABA respecting the diagonal trendlineSo far BABA is respecting the diagonal trendline and we've expected this retest. The short and midterm MA's are still in uptrend. BABA is approaching 200 MA, which will be crucial to break and continue higher. We'll most likely retest around there again. Fingers crossed. LT investors deserve some relief in this stock.
BABA nice rejection from resistance 🔴also still being held back by downtrend resistance on bigger timeframes, I'm pretty bearish on china plays now short term unless they start to break the resistance areas mentioned in recent analysis
downside targets are 110.53-105.11-99.69
$BABA uptrendBABA 10,20,50 MA curled up. It's holding nicely above 100MA and now has the last test to withhold - 200MA. Chinese stocks will probably lead the way in 2022. They bottomed a while ago.
Long BABAWaited quite a while. I think it's time. Long BABA. Nice double bottom off support on the weekly chart.
BABA Potential for bullish rise | 27th June 2022On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our buy entry at 123,95 in line with the swing high resistance, 78.6% fibonacci retracement and 61.8% fibonacci projection to our take profit at 138.87 where the swing high resistance and 100% fibonacci projection are . Take note of intermediate resistance at 129.53 where the 78.6% fibonacci projection and swing high resistance are. Alternatively, price may drop for stop loss at 109.39 in line with the overlap support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
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
ALIBABA downtrend finally broken Alibaba downtrend finally broken. After 19 months( yes 19 MONTHS) Alibaba finally managed to break that downtrend. Pay attention to yellow line. I expect to test $140 very soon. Good luck
BABA downtrendBABA is still trading inside it's 22-month downtrend channel. BABA is a great overnight gap trade as long as you get the 50/50 coin toss direction correct. lol. I think BABA will continue to trade inside this bear trend channel perhaps for 2 more months, making it 2 full years, until earnings August 2nd. Here's the current levels on BABA 22-month downtrend channel:
R3 = 111
R2 = 99
R1 = 88
pivot = 77
S1 = 66
S2 = 55
S3 = 44
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Baba Not only are we above the weekly 21 ema for the first time in the downtrend we also broke the downtrendinf resiatnce rallying us up towards 121$ and came back where the buyers stepped in and showed their strength. If baba can break 113 and hold as support this could be the perfect scenerio for an uptrend start. If we lost 101.70 and started holding below I would start to expect a fakeout. This is looking interesting for a long swing. I’d like to see a last retest of the 21 week EMA hold and then buy that last dip. Howver if 113 breaks this may launch to 120s again
Alibaba on the watchlistNYSE:BABA is staging a recovery. I don't have a position yet but the stock is on the watchlist.
