Forecast № 29 BABA (ALIBABA GROUP HOLDINGS LTD) NYSEForecast for price reduction. Earlier, the forecast No. 20 for price reduction was published. The downtrend continues
BABAF trade ideas
BABA AnalysisNo changes to my analysis from last week. Price is on a downtrend. Price has played according to my analysis from last week. Price is unable to close above 124.11, took liquidity and went down to take out the sell-side liquidity. I'm expecting price to hit the bullish POI at 90.17 before we see any retracement to the upside.
$BABA short idea Alibaba $BABA is a Chinese E-commerce platform that flourished during COVID but is now struggling due to currency exchange, supply chain, and lockdowns in China.
Bearish technicals show a bear flag with price right at the breakdown levels here. Downside levels are 94, 92, 89, 84. Stop loss 105.
OptionsSwing Analyst
Daniel Betancourt
BABA wait for itAfter gapping down on July 11 we see a steady down trend. Price recently closed under the (weekly) trend line and the .23 Fibonacci level.
On balance volume confirms the down trend, as does the Force Index. I am looking for a bounce off the 0 fib level or $94 which has acted as support on the monthly time frame.
I will consider adding to a long term position in the highlighted range.
BABA - AccumulationChart request for @RocketFuel20,
BABA has a chart where a pitchfork is useful and can see how the trend accelerated to the downside into SC Selling Climax - falling through the lower warning lines.
It also hit the 1:1 fib at the low.
Since then BABA looks corrective but it may go on rallies once it gets above AR resistance.
Bullish divergence coming in on RSI.
Not advice.
Chinese stocks have incredible surprise for youChina is number one, huh? Are you really afraid of communistic party going mad and destroying everything they've earned with hard work last 20 years?
They already spread covid and use their russian doll to harm West and that will be enough for them to continue going forward and building more trading routes in South America, Africa and Asia. China is here to stay no matter you like it or not, but they are working hard and providing value.
Long your longs before FED change it's policy in September-November and revaluate food and energy weight in CPI indexes or else...
Also most covid noob plebs already out of stonks and crypto and done with investing, rooting in a crisis.
Would you buy the blood and fear here or sell with normies is the question?!
Dollar value is still going down since the day it was born no matter what.
Is this a breath of new air?Alibaba broke out of a year long descending channel, is this a breath of new air in the Chinese tech giant? An end of a downtrend is confirmed by a break of the declining trendline, we'll wait for a new HH to be created then we can be confident in this move.
AnalysisHello. As we can see on the graph, we are in a downtrend and we will not go against this trend. This downward continuity cannot be done if and only if the vwap indicator and the support line are forcefully broken by a large red candle and also accompanied by a large red volume.
On the other hand, we could have a trend reversal (uptrend) if and only if the resistance line is forcefully broken by a large green candle and also followed by a large green volume. But, all this can only be done when all these conditions are met. thank you.
BABA AnalysisPrice is on a downtrend. Price has played according to my analysis from last week. Price is unable to close above 124.11, took liquidity and went down to take out the sell-side liquidity. I'm expecting price to hit the bullish POI at 90.17 before we see any retracement to the upside.
BABA - Adam & Eve reversalWorst looks to be over for BABA after hitting a low on 15 March and then went on to form an Adam and Eve (A&E) reversal pattern.
It broke above the A&E neckline 2 days ago. While the breakup volume wasn't impressive, it is however now above the 200 day moving average, which gave it credibility to likely continue in a slow path to recovery. (could chop sideways for a while until the 50 day moving average can cross above the 200 day moving average).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
BABA - Bullish BreakBABA has made a strong reversal
Broadening Wedge
I see this reversal continuing, letting price hit the middle dotted trend line and then forming a nice support above 0.5
Very cheap buy the dip scenario
BABA AnalysisPrice is on an uptrend. Price took liquidity and stop hunted the highs at 124.11. Price is unable to close higher. Price has been building sell-side liquidity on its way up. Expect price to retrace down to bullish POI.
Cup and HandleNot to long entry level.
BABA broke out of an almost chronic channel down, sometimes known as a regression channel.
Giant H&S pattern at the very top which seems to be many moons ago.
The 200 DMA continues to slope down, but the 20 crossed up through the 50 and the 50 looks to be trying to cross up through the 100.
Appears to be forming a cup and handle with a inverse H&S at the bottom of the possible cup pattern.
My fingers are crossed as it does seem BABA has a hard time catching a break )o:
No recommendation.
Earnings estimated on 8-25.
Harami cross noted that was bearish yet price opened above this pattern the next day which happens but is not the norm. Perhaps the after hours crowd just bought a bunch of BABA. Rejection candle today with long top wick.
Be safe and watch out for Mr. Market messing with your head )o:
#ALIBABA looking structurally bullishReally like the way Alibaba is bottoming here. Not only have we broken the steep downtrend which has held price down for the last year, but we have broken horizontal resistance at $120 while holding above a new daily uptrend line. Today is the first break above the 200dma since Feb 2021, which is another encouraging sign. Should we hold this breakout above $120 on the daily close today, next targets are $130 which was a major weekly pivot bottom from 2018. Further targets sits at 138.50 and then 161.
BABA getting tighter, building pressure for a moveSitting on this volume shelf around120 could trigger a move towards 155+, rejection could send us back 100ish
BABA is a thing of beauty!Nearing the D 200MA. It needs to break through and hold and I'm going to be adding to my positions. It got close 4 times in past couple of weeks.
WATCH $BABABullish
Fundamental
- Inflation Macro environment / fear sentiment
- Funds Accumulation
- Positive PE
- Negative PEG ( seems leaning towards a value stock )
- Positive P/FCF
- Weak Sector / Industry / not Leader
- Very competitive online retail market
Technical
- Momentum Theory Indicator - break out downtrend / bottomed out
- Price action formation ( falling wedge )
- Broke out downward trend line and retest
- Price above POC
- Price below major S/R level
- Huge volume spike!
- MACD divergence
Entry idea
- Entry idea was based on few confluences
- Price above major S/R level
- Price above fibo level
- Price above 200 MA
Stop loss set on previous low or POC level
" STEPS BY STEPS, BASE CAMP TO BASE CAMP. I WILL SUMMIT"
Cheers and happy trading!
Alibaba Group (BUY)Correction of the downtrend or resumption of an uptrend...
The breakout of the trendline and the RSI confirms us in the rise of the price in the weeks to come. Fibonacci retracements show us likely targets.
BABA Potential for bullish momentum | 1st July 2022On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 120.88 where the swing high resistance and 78.6% fibonacci retracement are. Once there is upside confirmation, we would expect bullish momentum to carry price to take profit at 139.07 in line with overlap resistance and 100% fibonacci projection. Alternatively, price could drop to stop loss at 104.01 where the pullback support, 38.2% fibonacci retracement and 78.6% fibonacci projection are.
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BABA respecting the diagonal trendlineSo far BABA is respecting the diagonal trendline and we've expected this retest. The short and midterm MA's are still in uptrend. BABA is approaching 200 MA, which will be crucial to break and continue higher. We'll most likely retest around there again. Fingers crossed. LT investors deserve some relief in this stock.
BABA nice rejection from resistance 🔴also still being held back by downtrend resistance on bigger timeframes, I'm pretty bearish on china plays now short term unless they start to break the resistance areas mentioned in recent analysis
downside targets are 110.53-105.11-99.69
