WEEKLY ANALYSIS ON ALIBABA STOCK hello friend lets see how we should plan on this stock for this week market is look like positive or what??
BABAF trade ideas
Baba The PainI mean what can I say about this stock, Long term holders are just in pain every single day
Well today is the earning and unfortunately I do not see any recovery BUT IT'S MY OPINION
We are at resistance which can be broken anytime with a little push, So once if it closes below 81, it is confirmed that it's going towards the blue weekly 61.8% retracement towards 70.
Last time it touched the long term trendline around 78 and bounced, this time I believe trendline is not a support anymore. Support is at around 65-70.
If you have any questions on the chart, pls feel free to ask me.
$BABA has capitulatedInvestors have capitulated on $BABA as seen by the huge volume spike. Alibaba is a solid company with lots of growth, and massive negative debt. It won't go bankrupt with how much cash they have and negative debt. As Peter Lynch would say, going bankrupt without debt is impressive.
This downfall has mainly been caused by a scare of anti-monopoly regulations and lockdowns in Shanghai. In all honesty, I believe this is nonsense, and it will pass with time. I see it as a covid March 2020 dump 2.0
Sure the CCP doesn't want Alibaba to have to much power, but they want this economic growth, and solutions will be found. I think this is a good time to average buys into $BABA for growth in the future.
Alibaba $BABAFilled 1 GAP today, on balance volume is lower, RSI underbought, MACD hasn't flipped over. Lackluster earnings, the stock has room to yellow line GAP fill $63.
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Looking for GAP 1 to fill around $160. BABA has been consolidating for awhile now. I'm looking for it to change direction and fill the gap around $161.
Earnings watch 2/24 pre-marketEarnings watch 2/24 pre-market:
BABA
MRNA
NKLA
NCLH
W
DOCN
SIX
EXPI
PLNT
AMT
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BABA: This Great Bearish Trend will Hit $60 LevelCurrently, Alibaba is moving in an impressive bearish trend. During early March this year, the price has arrived at $80 level. Since then, we can see the price retraced and retested the previous support level and the trend line. In the chart, we can spot a descending triangle pattern, where the price has tested the $80 support level three times, simultaneously with highs getting lower and lower. Therefore, this indicates a strong bearish momentum attempting to push down the price to break the support level.
Currently, we are not preparing any entries because the price is right at the support level. If the price clearly breaks below, then we will resume our plans to continue entering sell positions after a retracement.
Check out our other trend following trading ideas :)
attractive big $BABA spread waiting for volume to playThis will tip it's hat when significant volume comes in
BABA on a firesale Now at $80BABA Such a monster company with huge revenue and sales is getting crushed. It is currently at POC from its IPO days. Example for Throwing Baby Out with the Bathwater Great place to have a starter position
BABA bullish divergenceBABA show bullish divergence in bigger timeframe .let see if it play out then we will break 100$ easily
But SPY is heading down word so if Baba loose 84$ support then our next target is 60$.
So stay ahead and always use stoploss.
BABA baby!I'm thinking the indexes bounce and the baba baby with it. 109 after earnings likely if I'm right, with follow through over a few weeks it could retest 128 area and if it goes nuts, 150, but that's a long shot at the moment.
We Could Retest $85 Support LevelThe overall market looks bearish and BABA could retest $85 and would be a great opportunity to add calls because see many bullish call buying activities with multiple strikes with expiration 05/20 & 06/17.
BABA Ready to GO (Good set up) -We have finally crossed all emas on the ichimoku cloud... Friday being the confirmation candle
-First target will be 81.93
-Second target will be 73.36
ALIBABA WEEKLY ANALYSIS #alibaba weekly analysis where market bottom is how we need to plan for this week
