BABA Long CallBuy NYSE:BABA Jul-14-23 95 Calls @ 0.26 Limit to Open
Long call expires the following week. Cheap entry and good upside. Price seems to bounce off an important zone on various timeframes.
BABA34 trade ideas
Baba for final leg down Upon a break of the desending triangle, i anticipate baba to reach 40 ish dollars.
This will be as the rest of the market pukes as well. I am ready for this once in a life time opportunity should it play out.
I will not short these levels, as were already in the basement, but I will wait in cash.
BABA LONG - Breakout of falling wedge
Many people have shared analyses online of BABA having formed a descending triangle since January, which was used as a bear case for BABA falling to a new all time low, or making a double bottom before starting it's next bull run.
If you look at the chart I've shared you'll see an alternative analysis, with a trend line acting the the bottom of a falling wedge pattern (that the stock broke out of to the upside last week), which has significance as support and resistance going all the way back to Oct 2021.
WHITE LINE = Inverse H&S Neckline
ORANGE LINES = Height of the Inverse H&S, and subsequent breakout move of an equal height
PURPLE LINES = Height of the falling wedge, and subsequent breakout move of an equal height
YELLOW LINES = top trend lines of 2 separate falling wedge patterns that occurred in 2022, and the most recent from January to June 2023
**PINK LINES = bottom trend lines of the falling wedges - see the comments in my post for more details
**The Blue and Green arrows show how this bottom trend line (top pink line) of the falling wedge that BABA just broke out of has acted as either support or resistance since Oct 2021.
It was first support in October 2021, immediately before the stock crashed through at the end of that year to beginning the bottoming process that has played out since then.
Over the following year the line then acted as resistance with multiple failed breakouts.
After the capitulation in late Oct 2022, the stock rallied up to this line, and consolidated along it for a few weeks before breaking out to its high in the low 120s.
Since this breakout the line has acted as support, indicating to me that we are in the final phase of the bottoming process, which is confirmed by the breakout of the falling wedge last week.
The stock price is currently 'checking back' to the top of that wedge, at very low volume (as is typical for a wedge breakout), before I expect we will see the next leg up for a test of the support levels ~100$, and an attempt at breaking the WHITE neckline of the inverse head and shoulders.
A measured move of the inverse head and shoulders would then take the price up into the 180s over the next number of months.
Not advice, do your own due diligence. Fingers crossed, and good luck to the longs!
BABA upAlibaba is China's — and by some measures, the world's — biggest online commerce company. Its three main sites — Taobao, Tmall and Alibaba.com — have hundreds of millions of users, and host millions of merchants and businesses. Alibaba handles more business than any other e-commerce company.
BABA Cup and Handle potential! Reversal divergence shaping up.Hey Folks!
Also, a big Inverse Head and Shoulder. Note, I know nothing about this company or share structure, just my perspective of the chart. As long as there is no market crash, patterns like this have a pretty good shot at following through.
Happy Trading!
OnePath
Not financial advice.
$BABA with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:BABA after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
BABA: Buy ideaBuy idea on BABA as you see on the chart because we have the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks!
Second Post on $BABA: BULL FLAG IS CONFIRMED!!
On this $NYSE: BABA chart I drew a bull flag indicating a short-term price increase. I estimate the maximum target price to be around $141 per share. I calculated this by overlaying the length of the "flagpole" or the original bullish period onto the breakout point.
Also on this chart is a bullish hammer candlestick next to the green flag. This is when the open and close prices are close together and the wick of the candlestick is long. Ergo is another indication of positive price action.
I speculate that investors are anticipating the EPS estimate increase to 1.96 in August 2023 from the reported 1.56 in May 2023, causing the price to increase.
Finally, the MACD, or moving average convergence divergence is a powerful tool for determining price action. As you can see from the chart above, the blue MACD line is following the orange signal line upwards, indicating a movement upwards. This is strong evidence that a bullish reversal is about to happen.
With love,
Judah Levin
Post Dragon Boat Festival, BABA moves higher. Looking back at BABA's chart, I noticed that it has moved higher after the annual Dragon Boat Festival. Last year, the Hong Kong Market was closed for one day (Friday) making it a three-day weekend for the Chinese market. This year, it was even longer. With four days of pent-up demand at defined supply levels, I see this having an aggressive, short-term move upward.
In 2022, BABA made an approximately 30% impulse to upside resistance after the three-day weekend.
This year, after a four-day weekend, I'm projecting a 30-37% move from Monday to Wednesday.
With the restructuring of management and stimulus entering the Chinese economy. We could see aggressive upside potential from here.
This is not financial advice. Past performance does not guarantee future results.
A different way to identify momentum with MACD (BABA)Before coming up with this idea I asked myself the following question: is there a way to visualize whether sellers or buyers are in control during a certain move/period of stock price action?
In order to achieve this, I decided to connect the moves with the associated changes on the MACD histogram bars and try to plot the "area's" on the Histogram bars as a form of "accumulative momentum".
With BABA, it can be seen seen that a "change of character" has occurred since march of 2022 where for the first time the area above the 0 line between the histogram bars became larger than the area below it. Is this further evidence that the stock has been in accumulation mode ever since? Time will tell!
BABA LEAPS idea On the monthly and weekly charts, BABA is forming a large inverted head and shoulders pattern. It has broken a longterm down trend that began back in late January 2023. It is currently retesting the downtrend line as a support in confluence with a support level that has held price on 4 separate occasions since March 2022. It can be noted that price is also sitting at the fib golden zone on the weekly when plotting the low of the head from the H&S with the high that followed from that low. Price on the weekly is also displaying a double bottom pattern after retracing to the fib golden zone.
Trade Idea: Watch price's reaction at this level. Wait for the weekly candles to stablize and create bullish intentions by displaying candles that are making higher highs or some type of bullish pattern/confirmation. The current weekly candles are in a downtrend. Wait for the price to drop a bit more then once the price action on the weekly begins to create bullish trending candles, plan your entry for a LEAPS play dating at least a year or more out.
Targets: 96.97, 107.72, 114.04, 121.33
Stop: Break and Hold below 77.76-80.09
BABA Yearly Demand Zone Set Up Potential? Over next few months l'll be considering for bullish setup potential with PA down here in and around monthly weekly demand zones. Long term view ahead and thats only if /when sellers become exhausted enough?! , l''ll wait for price structure to tell me what it doing.. & how price builds on multiple time frames perspective while considering and understanding its price dynamics 'PRICE IS KING' then once confirmation presents itself l'll only enter then l'll target above level.
DYOR!! Yes anything can happen, standard disclaimer advice please.
Perma
BABA: Sell ideaSell idea on BABA as you see on the chart after the breakout of vwap and support line by the sellers.Thanks!
BABA AnalysisPrice playing out nicely as my last analysis. Price mitigated the higher bearish POI at 99.17 and give a nice 9.51% retracement to the downside. Price is currently mitigating the bullish POI at 87.06 and is showing some signs of bullishness, in confluence with a low volume retracement. I'm expecting price to continue higher from here.
Time to enter another swing trade?Selling might bottoming out at around $83. Looking to that range to hop in.
BABA: Sell ideaSell idea on BABA as you see on the chart after the breakout with force the support line by a big red candle.Thanks!
Gimme BABASomeone else has probably published this idea. Wonderful momentum shifting inverse head and shoulders on the weekly, MONSTER weekly bullish bat harmonic price target beyond the measured move of this inverse head and shoulders at a close above 119. Hidden bullish divergence noted on RSI and MACD on this local retest low of the right shoulder. Bullish harmonic confirmation noted on proprietary HSI oscillator on the weekly. Wonderful entry area, easy SL below the head.
BABA: Buy idea: Bullish ChannelBuy idea on BABA as you see on the chart because we are above the vwap indicator and also we have the breakout with force the resistance line.Thanks!
Baba Short Technically short
Fundamentals long
I short Baba! Cuz fundamentals are manipulated, and news are made by insiders and old.
I keep it simple. But profitable and effective.
BABA buy?BABA broke out of the descending triangle. Now we look for a pullback to bounce off the 10MA. I will not buy until I have that confirmation.
