We Could Retest $85 Support LevelThe overall market looks bearish and BABA could retest $85 and would be a great opportunity to add calls because see many bullish call buying activities with multiple strikes with expiration 05/20 & 06/17.
BABA34 trade ideas
BABA Ready to GO (Good set up) -We have finally crossed all emas on the ichimoku cloud... Friday being the confirmation candle
-First target will be 81.93
-Second target will be 73.36
ALIBABA WEEKLY ANALYSIS #alibaba weekly analysis where market bottom is how we need to plan for this week
BABA- Someone accummulating at this IPO level nowIf you understand the title, no description needed. Suggest a long term 2-3 years. Depending on when "they" want to push prices up :)
$BABA on 1hr Gap fill to downside$BABA on 1hr Gap fill to downside
How many gap fills can $Baba have? The world will never know. If you get that joke. Like this. lol <3
What are your thoughts?
Thanks,
Kelly
Short scalp $BABABased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $BABA breaches today's low of $96.61 during tomorrow's session.
Alibaba - BABAWeekly Chart (right side)
- Nice long-term downtrend since mid-February 2021
Daily Chart (left side)
- Gab mid-March 2022 showed a nice support which were tested end of April 2022
- Another gab in the last days is currently showing some support
- The 50-MA is currently a strong resistance
- The MACD is slightly improving and the RSI just jumped over the important level of 50
The long-term all-time low (not displayed) is at USD 57.20 and the 23.6% Fibonacci Retracement at USD 119.06 which marks a resistance, too
As the next earning report is expected on May 6 and the long-term trend is still bearish, I’m still not catching the falling knife.
ALIBABA INC BABA heading for 150/170ALIBABA INC BABA heading for 150/170 after a dip to 74 from ATH 320
$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.
$BABA on 1hr Gap Fill to Downside$BABA on 1hr Gap Fill to Downside
Earnings May 6th.
What are your thoughts?
Thanks,
Kelly
ALIBABA FORCAST- on the weekly chart : a long down trend with few pulbacks every now and then
- personal opinion : theres no clear signal of a reversal , so the price will continue it downtrend
- best move : sell for long term
loving this BABA setup, lets go! amazing gap up today! watching for continuation next month
could see rejection at trend resistance again so be careful once we reach that level.
targeting 112.29-124.07-134.63
Alibaba (NYSE: $BABA) Rock'n Higher On China Stimulus News! 👲🤟Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; and Tmall Global and Kaola, which are import e-commerce platforms. It also operates Lingshoutong that connects FMCG manufacturers and their distributors to small retailers; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, the company offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, machine learning platform, and Internet of Things services. Additionally, the company operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency app; and Tmall Genie, an AI-enabled smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.
BABA Long term hold-Price come back to first entry an average of $86.50
-Seems like the CCP is done smashing this stock so should see some steady growth from here.
-Risk of delisting is still on the cards but stops are in place accordingly
BABA should hold 83 then BO Channel or 70 will be double bottomBABA has been making a long downchannel which has to be broken to be really bullish.
First it must hold the current 83 FIB level, then BO the downchannel at around 95. After that BABA will
still face a big resistance zone at the 110 to 130 range. There will be a lot of sellers here which the new buyers must be willing to absorb in order for the price to go above this critical zone.
Failure to hold the current 83 Fib level to see a double bottom for BABA at 70. This will be very very near the end of that big ABC correction.
BABA is the top e-commerce company in China (Amazon of China but with a very low PE ratio after this crash).
Not trading advice
