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BABAF trade ideas

BABA short term bullish swing idea On Friday June 16th, BABA hit a daily supply area following a CHOCH on the daily as well as a breakout of a longterm down trend that began back on January 26th. BABA has since retraced into the fib golden zone (50%-61.8%). It is currently sitting on a support between 83.04 and 83.99. BABA’s price action on the daily also seems to be creating a smaller inverted head and shoulders pattern within the right shoulder of the larger head and shoulders forming on the weekly/monthly charts. Watch for price to hold this level at 83.04 and 83.99. Wait for the daily candles to start making a new high (above 86.00). Also note that the price of the previous 4 daily candles are trading within a descending channel. Drop to lower time frames (30m/1h/4h) to find a precise entry after the breakout of the descending channel and a structural change in price. Targets: 87.98, 90.73, 92.37, 94.22 Stop: 82.98 or a break and hold below the current support between 83.04 and 83.99. ***** If price price does fail to hold watch for a retest of support turned resistance for an entry to the downside with targets of (78.10-78.83). OR watch for a reclaim of the broken support*****
NYSE:BABALong
by Stockstradamus_
3
Alibaba's (BABA:NYSE) Stock Outlook: Potential BoostIntroduction: Alibaba, the Chinese multinational conglomerate, has experienced difficulty in breaking out of its trading range between $80 and $90. However, recent developments in China's economy and the resolution of Ant Group's fine have the potential to provide a significant boost to the company's stock. Ramping Up Buybacks: In a bid to enhance shareholder value, Alibaba has intensified its buyback efforts. Notably, the company has disclosed that it repurchased a larger volume of stock between April 1 and May 17 than in the entire preceding quarter. This proactive approach demonstrates Alibaba's commitment to bolstering investor confidence and indicates management's belief in the company's long-term prospects. Positive Catalysts: Alibaba's stock value has faced the risk of potential U.S./China tensions, which could adversely impact the company's shareholders. However, several positive catalysts contribute to Alibaba's attractiveness as an investment option, positioning it as a bargain when compared to other alternatives in the market. China's Economic Developments: The recent developments in China's economy offer promising prospects for Alibaba's stock. As the Chinese economy recovers and displays signs of resilience, Alibaba stands to benefit from increased consumer spending, expanding middle-class demographics, and rising e-commerce penetration. These factors create a favorable environment for Alibaba to grow its revenue and solidify its market position. Resolution of Ant Group's Fine: The resolution of the regulatory issues faced by Ant Group, an affiliate of Alibaba, is another positive development for the company. The resolution brings clarity and reduces uncertainties surrounding Alibaba's operations. With a more stable regulatory landscape, Alibaba can focus on its core business activities and pursue growth opportunities with greater confidence. Conclusion: While Alibaba's stock has struggled to break free from its trading range, recent developments in China's economy and the resolution of Ant Group's fine have the potential to provide a significant boost. Furthermore, Alibaba's proactive buyback strategy, combined with its attractive valuation and positive catalysts, make it an appealing investment option compared to other choices in the market. As investors assess the evolving landscape, Alibaba's potential for growth and resilience in the face of challenges should not be overlooked. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NYSE:BABALong
by CapitalMarketsEliteGroup
$BABA - July 10 , Gameplan! NYSE:BABA - On Friday, the Alibaba stock price experienced a significant gain of 8.00%, rising from $83.84 to $90.55. Throughout the trading day, the stock fluctuated by 5.69%, reaching a low of $86.64 and a high of $91.57. Over the past 2 weeks, the stock has shown some volatility, resulting in a 4.21% gain. Volume increased on the last day, aligning with the price increase, which is viewed as a positive technical sign. In total, 34 million more shares were traded compared to the previous day, with a total of 47 million shares bought and sold, totaling approximately $4.21 billion. Currently, the stock is positioned in the upper range of a wide and falling trend in the short term, suggesting a potential selling opportunity for short-term traders as a reaction towards the lower part of the trend may be expected. A breakthrough above the top trend line at $90.73 would indicate a slower falling rate and could be a sign of a potential trend shift. Based on the current short-term trend, it is anticipated that the stock will experience a -6.58% decline over the next 3 months. There is a 90% probability that the stock will reach a price range between $70.94 and $84.76 at the end of this 3-month period. It's important to note that if the stock manages to maintain or exceed its current levels, the predictions may change positively in the coming days as the conditions for the current projections would be broken. Additionally, Ant Group, co-founded by Jack Ma along with Alibaba Group, announced a share buyback valued at $78.5 billion, significantly lower than its valuation before its IPO was halted by Chinese regulators three years ago. The combined market capitalization loss for Ant and Alibaba reaches approximately $877 billion, calculated based on peak share prices recorded in late October 2020, around the time when Jack Ma criticized Chinese financial regulators and banks in a notable speech.
NYSE:BABA
by MPWRTRADES
ALIBABA broke above the yearly Resistance. Buy signal.Alibaba broke on Friday above the Falling Resistance that was initiated on January 26th. That was also a crossing over the 0.236 Fibonacci level. Technically that is a strong double bullish break out for a potential long term bullish reversal. Trading Plan: 1. Buy on the current market price. Targets: 1. 105.00 (Resistance 2 and Fibonacci 0.618) and 120.00 (Resistance 3 and Fibonacci 1.000). Tips: 1. The RSI (1d) has been on a Rising Support since March 10th. A Bullish Divergence and clear sign of a long term bullish reversal. Please like, follow and comment!!
NYSE:BABALong
by TradingBrokersView
3
BABA: Exclusively for long-term investorsAlibaba is in a broad channel of consolidation that could take quite a long time to break. A great opportunity to start shopping below $70, looking ahead for several years. The last accumulation cycle took ~970 days, but this does not mean that there will be something similar now, but it is obvious that the patient ones will win. Below I will attach a picture of the previous accumulation cycle, which had a similar wide channel. All good deals and profit✅ Not a recommendation for action.
NYSE:BABALong
by Your_Trend
BABA Reversal Divergence - Micro Update!Hey Folks! The reversal divergence seen on a 4hr tells me all I need to know for now, seems a matter of time. Not to mention a healthy micro Inverse Head and Shoulder and a Cup and Handle, just like the Macro chart. Fractal patterns are a powerful signal in my experience, especially with bullish divergence. I would expect some kind of note worthy fundamental catalyst soon. Patterns like these shouldn't go to waste lol Happy Trading and I hope this helps anyone! OnePath
NYSE:BABA
by OnePath
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!
NYSE:BABALong
by Livinontheflipside
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
NYSE:BABALong
by Judah_Levin
12
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.
NYSE:BABALong
by occamsghost
1
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!
NYSE:BABALong
by NQunlocked
3