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BABAF trade ideas

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
BABA LEAPS idea On the monthly and weekly charts, BABA is forming a large inverted head and shoulders pattern. It has broken a longterm down trend that began back in late January 2023. It is currently retesting the downtrend line as a support in confluence with a support level that has held price on 4 separate occasions since March 2022. It can be noted that price is also sitting at the fib golden zone on the weekly when plotting the low of the head from the H&S with the high that followed from that low. Price on the weekly is also displaying a double bottom pattern after retracing to the fib golden zone. Trade Idea: Watch price's reaction at this level. Wait for the weekly candles to stablize and create bullish intentions by displaying candles that are making higher highs or some type of bullish pattern/confirmation. The current weekly candles are in a downtrend. Wait for the price to drop a bit more then once the price action on the weekly begins to create bullish trending candles, plan your entry for a LEAPS play dating at least a year or more out. Targets: 96.97, 107.72, 114.04, 121.33 Stop: Break and Hold below 77.76-80.09
NYSE:BABALong
by Stockstradamus_
BABA Yearly Demand Zone Set Up Potential? Over next few months l'll be considering for bullish setup potential with PA down here in and around monthly weekly demand zones. Long term view ahead and thats only if /when sellers become exhausted enough?! , l''ll wait for price structure to tell me what it doing.. & how price builds on multiple time frames perspective while considering and understanding its price dynamics 'PRICE IS KING' then once confirmation presents itself l'll only enter then l'll target above level. DYOR!! Yes anything can happen, standard disclaimer advice please. Perma
NYSE:BABALong
by Permaculture