$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.
BABA/N trade ideas
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.
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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 $140 very soon. Good luck
BABA downtrendBABA is still trading inside it's 22-month downtrend channel. BABA is a great overnight gap trade as long as you get the 50/50 coin toss direction correct. lol. I think BABA will continue to trade inside this bear trend channel perhaps for 2 more months, making it 2 full years, until earnings August 2nd. Here's the current levels on BABA 22-month downtrend channel:
R3 = 111
R2 = 99
R1 = 88
pivot = 77
S1 = 66
S2 = 55
S3 = 44
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Baba Not only are we above the weekly 21 ema for the first time in the downtrend we also broke the downtrendinf resiatnce rallying us up towards 121$ 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.
BABA Potential for bullish rise | 23th June 2022On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 103.48 in line with the pullback support to our take profit at 120.88 where the swing high resistance, 61.8% fibonacci projection and 78.6% fibonacci projection are . Alternatively, price may break buy entry and head for stop loss at 94.61 in line with the pullback support,78.6% fibonacci projection and 61.8% fibonacci retracement .
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.
Alibaba set to break long down trendFor various reasons, the Chinese tech giant Alibaba has been in a downtrend since October 2020. The company has had many headwinds, most of them related to the regulatory environment in China. Most of those issues now seem to be resolving, and I think BABA will be one of the better performers in the coming year.
The China Credit Impulse
A major leading indicator for China stocks is Bloomberg's "China Credit Impulse" index. As the following chart from MacroMicro shows, the credit impulse's last peak more or less coincided with the last peak in Alibaba in October 2020:
As you can also see from the chart, the credit impulse now seems to have bottomed and is improving, a bullish sign for China stocks and for Alibaba in particular.
Whereas the US and most other developed nations have been raising interest rates, China is actually in a rate-cutting cycle. Key policy rates in China have only been cut by about 15 basis points, so I don't want to make it sound like they're cutting rates drastically, but they're certainly not raising them, and there's no sign yet that they intend to do so. That makes China potentially a safe haven from rising rates in the US and other developed markets.
countryeconomy.com
US Delisting Risk
For the last couple years, the US has been making noise about delisting China ADRs (the depository shares that China companies use to trade on US exchanges. The SEC has been demanding that Chinese companies comply with US accounting regulations, and the Chinese government has been making it impossible for these companies to do so.
At the same time, China enacted a crackdown on big tech companies. The crackdown included steep penalties imposed on Alibaba, including a $2.8 billion fine for monopolistic behavior. The Chinese government also disappeared Alibaba's founder, Jack Ma, for three months.
This is "the big one" for Alibaba, but the problem recently seems to be headed toward a resolution. Jack Ma eventually reappeared in Hong Kong and has dutifully been doing as he's told, including restructuring Ant Group and selling off media companies to address the Chinese government's monopoly concerns. Last week, the Chinese government signaled through state media that the tech crackdown should be over soon, and that the Chinese regulatory commission will support companies in complying with US accounting requirements so that ADRs can remain listed in the US:
www.cnbc.com
While this isn't yet a done deal, it looks really promising and could lead to a large rally in China stocks if and when it gets across the finish line.
Zero Tolerance Covid Policy
China has had a policy of zero tolerance for Covid, which means the whole country goes into lockdown every time a Covid outbreak happens. This one is not as big a deal for Alibaba, because it's an ecommerce company and thus potentially a beneficiary from people staying home. But I suspect that if China ended this zero tolerance policy, the entire China stock market would rally, including Alibaba. There have, indeed, been rumors that China may end the policy, as reported by the LA Times:
www.latimes.com
China has a pretty high vaccination rate overall, but they've used the somewhat less effective Sinovac vaccine, and the elderly population surprisingly has been less willing to get vaccinated than younger people, so death rates in the current outbreak have been pretty high. This may make it difficult to end the zero tolerance policy, but they have to end it sometime, so we'll see.
Alibaba Valuation and Buybacks
Alibaba's got something like an 8% free cash flow yield, which makes it a pretty incredible value for a big tech stock. EV/EBITDA is about 10x, which is mid-range for China's consumer discretionary sector and way below US tech firms of comparable size. The valuation makes BABA hard to resist. They could flush half their capital down the toilet and still be a better value than a lot of US tech.
And the signs are that they plan to deploy their capital well rather than poorly. Yesterday Alibaba announced that it will increase its buyback program from $15 billion to $25 billion, which means it will opportunistically take advantage of low share prices to efficiently return capital to shareholders. That's called good capital allocation, and it's one of the things I look for in an investment. It's a really good sign for Alibaba here.
Technicals
As you can see from the chart, Alibaba has been in a long downtrend. It looks ready to attempt a breakout from that downtrend, however. I'm adding on any pullback to the 112-116 range and looking for a test of that downtrend line probably within a couple weeks.
BABA: The worst is over?!Alibaba
Short Term - We look to Buy at 101.70 (stop at 87.10)
Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Reverse trend line support comes in at 100.00. Dip buying offers good risk/reward.
Our profit targets will be 139.64 and 150.00
Resistance: 140.00 / 160.00 / 200.00
Support: 100.00 / 90.00 / 60.00
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#SuakuFlowsWatchlist - 6/22/22#SuakuFlowsWatchlist
$BABA C > 107.06 | P < 103.87
$INTC C > 38.03 | P < 37.33
$GOLD C > 19.86 | P < 19.55
$PBR C > 11.86 | P < 11.50
I'll likely miss the open due to the day job. These are the plays I would have considered. Don't take gaps at open, wait for retrace/retest.
ALIBABA, a raging bull rearing its horns! BUY now!BABA just broke out of its
long respected descending trendline,
with considerable volume.
Key resistance level to break is 120, breaking above will mean a surge all the way to key resistance at 180
Actions:
1. Buy the retest of trendline @ current price
2. Wait for a break above key resistance @ 120
Targets:
1. 180 (prev key support flipped resistance)
2. 230 (Big key resistance)
Right now BABA is cheaply valued for its massive potential and earnings, definitely a value buy at these current price levels !!
Definitely a stock to hold for the long term, even if you are not intending to trade it
$BABA buy zone 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team wants to start a good-sized position at the buy zone depicted on the chart. We either buy here or not at all.
!! This chart analysis is for reference purposes only !!
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BABA buying dips
BABA’s price trend in 2021/2022 is very similar to Amazon’s trend in 2000-2002. In both cases, the shares fell by high double digit percentages while revenue grew. When you’ve got a company whose stock price is declining while sales grow, you’re looking at an investment with the potential for future appreciation. - Seeking Alpha reference
@BABAThis guy has a long way to go - even if it trades sideways at this rate it wouldn't break the down trend until late April...could be a good guess as it seems to have some support on it's last big vol shelf. No position.
NYSE:BABA
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position.
RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone.
MACD seems to be losing strength but always above the signal line.
Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum.
Stochastic and Bollinger bands seem to confirm previous situation.
We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing.
ENTRY: 107 YELLOW
SL: 100.73 RED
TP: 119.5 GREEN
Alibaba Trade Update, Targeting Weekly HVNIN this update we review the price action in Alibaba and identify the next high probability trading pattern and price objectives to target
#BABA $BABA watching for trend resistance breakout 🥶gains on this were amazing last week, congrats to my longs!
now I'm watching carefully for a break past resistance zones, once 134 can break expect months of straight green here! this one is on the top of my watchlist 😉
$BABA my team is underrated 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
We've been here before. My team isn't expecting to lose this trade, but if we do it would only put a small dent into the 35% gain that we've already acquired.
Our Entry: $111
Take Profit: $128
Stop Loss: $102
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BABA GapNice gap play opportunity.
Nice and strong support at 108.30 / 107.80 . If we lose that support, there is a change price will accelerate to the downside to fill this gap towards 104.42
#BABA Chart Levels#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103.
#TradeIdeas #Watchlist #TechnicalAnalysis
BABA is going for a solitary run.I am not a fanatic of BABA and to be honest, I was waiting for it for around 60$, but this last next week BABA has shown strength in one of the worst times ever for the markets when usually this stock down performs always NDX.
This last week BABA broke the channel that it has been into since historical maximums.
Not only that, but the price was minting and has broken decisively above, backtesting the level and losing just 0.3 percent as the NDX plummeted 3% when it would have ordinarily fallen 9 or 10%.
It has not only broken the channel but is also above an important level with a volume below it, indicating that we might consider purchasing (for a stretch, not in the long term).
It's too early to predict what will happen to BABA, but since China is pouring money into its market as if it were free, it's likely that BABA draws something like shown in the chart.
A stock that has gone poorly in the last year is showing now a lot of divergences. If the scenery is correct (let's see that the price does this next week in order to validate it) It may be a 50% change from the present price, which is significant.
