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BABA/N trade ideas

Alibaba ($NYSE:BABA) Price Action: Breakout Coming?TL;DR: Alibaba's stock price is approaching a crucial juncture as it encounters resistance at the weekly trendline and finds support near $80. With major indices possibly facing a correction, monitoring Alibaba's price movements is crucial for identifying a potential bullish trade opportunity. In this trading idea, we analyze Alibaba's ( NYSE:BABA ) price action and its breakout potential. The stock's undervalued fundamentals, coupled with resistance at the weekly trendline and historical support near $80, indicate a possible bullish move. Given the likelihood of a broader market correction, monitoring both market conditions and Alibaba's price movements is key. Alibaba's undervalued fundamentals, including strong growth projections and solid financials, enhance the attractiveness of a bullish trade. The stock's price action encounters resistance at the weekly trendline, while historical support near $80 acts as a reliable floor. A breakout above the trendline could signal a potential bullish trend. Considering the possibility of a correction phase for major indices, vigilance in monitoring both the broader market and Alibaba's price movements is crucial. Traders should assess sustained price movements above the resistance level for potential bullish entry signals. Implementing proper risk management, such as setting a stop-loss order below the historical support level, is essential. Staying informed about market conditions, news events, and company-specific developments is necessary to evaluate the ongoing viability of the trade. Disclaimer: This trading idea is for informational purposes only and not financial advice. Conduct independent analysis and exercise due diligence before making trading decisions. Trading involves risk, and past performance is not indicative of future results.
NYSE:BABALong
by arielfuggini
ALIBABA Stock Chart Fibonacci Analysis 060823 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 87/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:BABA
by fibonacci6180
1
BABA: Can't be in a bear market foreverRumors of an additional round of stimulus to stimulate consumer spending in China are starting to surface which is starting to cause a rise in Chinese stocks. Alibaba could be trading in Wycoff Accumulation, finding support at fib channel line/.618 fib. Also, Alibaba just crossed the 1.618 fib ring indicating volatility is on the horizon. Taking a look at the Hong Kong 50 Index, HK 50 bottomed at the 1.618 fib at 14,500, and recently had a strong bounce off 18,200 which has historically been critical support. Looking for BABA to retrace back to $166 / 200W MA
NYSE:BABALong
by CrashWhen
I see the inverted right shoulder, perhaps for $BABAAlibaba, the online commerce that was famous, gained popularity, had Jack Ma giving prep speech in USA, hyped up all the way to the top of 300. After 3 years, price is back to where it started, try asking 10 friends, you get 9 of them "spitting" on this stock, they condemned it into black list When the majority is not looking at it, it is time to accumulate, perhaps If the Inverted Right Shoulder plays out in next 6-12 months, the next immediate target will be around 120 - 128, the neckline *Not a buy or sell call
NYSE:BABALong
by jangseohee
1
Possible bullish if break out of patternBABA is in a falling wedge, a bullish reversal pattern if and when breaks out of it. At the moment there is a lot of strong resistance but if BABA somehow manages to go through them it would be extremely bullish for stock for several weeks. Around 88$ there are 50 and 200 days MA which will act as resistance. There is also a smaller and bigger trend line from the falling wedge pattern. If and when BABA crosses both the trend line and close day above it and above BigRed aka 200 days MA it would trigger a massive buy signal. Also if you don't enter on breakout (if there will be one) and price retest all those resistance levels which is the common way how the stock behaves you will have new opportunities during retesting resistance. REMEMBER for the buy signal it needs first to break out of the pattern, and close above it, and would be nice if it happened on a bigger volume.
NYSE:BABALong
by Consistent_Trades
2
BABA, 7d/-19.64%falling cycle -19.64% in 7 days ================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:BABAShort
by Tonyder
$Baba is extremely good value...It is quite astonishing to think that with just a $200B market capitalization, BABA alone can satisfy China's immense demand for AI and digital growth, even if you consider in the presence of monopoly laws. If we take a step back and analyze the situation, NYSE:BABA should ideally have a market capitalization of $1T. The current share price seems to be influenced by various external factors and political noise. It is worth noting that despite the share price being close to its IPO price, BABA generates revenue and profit that are 15 times higher and is projected to grow by 30 times over the next 10 years.
NYSE:BABALong
by Macro-Traders-Strategies
2
BABA @ Long Term SupportOn the 4H Chart, BABA is sitting in the the demand zone at a double bottom retest. Earnings two weeks ago beat expectations. Fundamentally, China is holding interest rates down and may even decrease their prime rate. Domestically, chaos continues with more rate increases possible and the debt ceiling issue impending resolution versus diseaster. I see trading and investing in foreign based intruments such as BABA , NIO along with ETFs diversified into China, Europe, Korea Japan and maybe others to be a useful means to diversify risk. I will take a long trade in BABA because I believe it will rise from its usual bottom.
NYSE:BABALong
by AwesomeAvani