BABA AnalysisPrice playing out nicely as analyzed last week. Price filled the fair value gap at 120.90 and falls from there. If price were to follow the bearish order flow, I'm expecting price to head towards the bullish POI at 94.98 next.
BABA/N trade ideas
BABABABA appears to be in an expanding diagonal on the HTF.
Would expect the 5th to start after 1 more dip to bring the bears back only to slaughter them later.
$BABA Still bullish on this oneI'm Still bullish on $BABA and the rest of the Chinese stocks. We're above the 2022 POC level and that is all good news. I'm keeping for a while my Chinese papers.
Cheers!
Cup and HandleLooks like a cup is forming.
There is a gap below price.
Earnings 2-23 BMO and analysts have estimated earnings to be over last quarter's numbers so the numbers are not soft.
No recommendation.
This is not to long entry level (EL). It can be important to wait for this level if you do not already own the stock.
There is also a symmetrical triangle and targets are in white type with T1 in larger type (T1 has been met) than T2 and so on. In order to reach T2 of the triangle, BABA will have to break the cup resistance.
BABA Short IdeaGood setup for a short. Equity reached highs of the last run and starting to stumble while market ripping and showing some reversial potential here. Also not surprising is that it was one of the leaders in the up move and now is signalling where the market may go next. Red line SL, green lines TP 1, and 2, respectively. GL
BABA Breaking out!! Wait for pullback !BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140
We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition
We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA
We also see a massive spike in the ADX implying a very strong ongoing trend for the BULLS
Those who do not have positions yet can look to ENTER/LONG along the:
100 - 110 USD zone
Personally I will not set stop losses here as Im expecting to hold BABA for long
Fundamentally, China domestic demand is growing massively with a massive middle class. BABA also has a huge economic moat along with Jack Ma relinquishing his position on the board and staying low, BABA's days of billion dollar fines might be over.
BABA AnalysisPrice consolidated since my analysis last week. No changes in my expectations. I'm expecting a confirmation on the lower timeframe to bring price lower, into the bullish POI at 94.98.
QuickTrade Idea n. 271 on BABAI am Bullish above $120.6 with target at $122.77
I am Bearish below $117.12 with target at $114.98
Trading Idea 020: AlibabaMarket Conditions:
- bullish trend
- consolidation around the resistance
- bullish sentiment in the market
Key Level and Lines:
- $120.30 resistance
Trading Ideas:
- go long after a consolidation below the resistance
- go short if the market gives a false breakout signal.
BABA breaks critical resistance 🔭watching for weekly candle break and hold above 100/trend resistance, consolidation then rally to 124-141-171 is likely if this happens.
lets see what happens, boost and follow for more 💙
IS ALIBABA REALLY UNDERVALUED STOCK?Billionaire Ryan Cohen is reported to have built a huge stake in Alibaba which worth hundreds of millions of dollars and now pushing for the share buybacks. Alibaba Group on the other hand had spent $18 billion repurchasing its own shares in the third quarter of 2022 and was aiming to buy back $40 billion worth of shares in total, with the plan lasting until May 2025.
With the recent investment in cloud computing the company is poised for strong growth in the future. PEG stands at 1.66 and ecommerce growth estimated $3 trillion by 2024, some analysts already suggesting better performance of the stock in near future. However, risk of growth lies with both local and international competitors including Amazon, Pinduodu & JD.
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#alibaba
#baba
Little short and 1 month at bull waySmall drop of 8.5% in one/two weeks and then rise of 22% in three weeks.
Symmetrical TrianglePrice has broken over the resistance line of the triangle which is no support.
Possible stop below triangle or where you see support.
No recommendation.
Borderline overbought with RSI set on 80.
BABA covered call againThis puppy is MOVING and I like it!!! :-) :-) I am in shares, been in them for a while. Bought some more sub $70 and feeling good about it. Only 3 weeks to expiration. I don't get a FULL 1%, but is' $20 higher , it's over earnings and BABA is pretty extended. I wouldn't mind getting called away here anyway, cuz I'm confident I could buy back cheaper.
BABA stock is breaking out the down trend channelIn my personal opinion I am very Bullish in NYSE:BABA stock for many reasons
The Main reason is the financial Numbers are very good and it is considered
one of the cheapest stocks in the World now So it is a good chance to buy more
shares with such low price
In TA view it has already broke out the Parallel Down trend channel on an Important Support zone On daily time frame
and it has retested the support zone and price started to go up.
My Entry zone is between 89 - 92 and the mid term ( 4-8 months ) target is 135
What Do you think about NYSE:BABA in the coming days
$BABA$BABA Hit upper trend line and finished today with a bearish 3 candlestick pattern. We could also be in the midst of completing head and shoulders here too with the left shoulder and head already completed
$BABA update: Up to $125 before a retrace, then $134?Adding to my previous idea- I think these targets might line a bit better.
BABA- down to $99, then up to 134? #technicalanalysis #chart There is a larger inverse fibonacci at play- one which the 618 fib lines with a former price level on the week chart.
On the daily, the price is trading in a channel, where a healthy retrace to the 618 on the non-inverse fib lines with the bottom of that channel.
BABA in a falling wedge (NEW)BABA stock has been in a long-term downtrend.
We're expecting the price to continue droping as it looks like it got rejected from the downsloping resistance line on the weekly timeframe.
What we can see on the chart is a pattern called a falling wedge.
Most likely the price will revisit $60 or lower but eventually we expect the breakout in Q2 or Q3 2023.
How to trade:
Enter long position if/when we get a breakout with a volume increase.
Final target and the take profit level are shown on the chart.
Good luck
BABA will a great breatout. hope to reach 180-200With the unblocking of the COVID 19 in China, the engine is starting working again. Premier Li Keqiang also recently speech to support the internet economy.
In the future, we can foresee that Chinese stocks will have a strong rise. And BABA is leader.
From a skill point of view, it has reached the position where the previous pressure support . As long as it breaks through 120, there will still be a lot of upside.
Hope to reach 180-200.
Financial.Guo
Alibaba high TF reversalAlibaba stock has reached 3 major Cosmic Gravity resistance levels on each of the 1D, 6h, and 1h timeframes. Since the upswing has been going on for some time it is possible to assume that a reversal is likely.
