BABA Daily Wolfe WaveBABA has a daily wolfe wave setup targeting a gap fill at $85.81. Currently it is 15% away
HBBD trade ideas
Top Beaten-Down Chinese Stocks to Buy Right Now
Reasons to buy
Alibaba Group Holding Limited ( NYSE:BABA ) : Leader in the Chinese e-commerce market, strong track record of innovation and growth.
JD.com, Inc. ( NASDAQ:JD ) : Well-established and profitable company with a strong market position, benefiting from the growth of the Chinese e-commerce market
Baidu, Inc.( NASDAQ:BIDU ) : Dominant player in the Chinese search market, strong track record of innovation, expanding into new markets, such as cloud computing and artificial intelligence
BZUN X, Inc. ( NASDAQ:BZUN ) : Rapidly growing company with a strong market position, benefiting from the growth of the Chinese fintech market
I would recommend allocating your funds as follows:
BABA: 40%
JD: 30%
BIDU: 20%
BZUN: 10%
This Chinese portfolio is designed to provide you with exposure to the Chinese stock market while also diversifying your risk. BABA is the largest company in the Chinese e-commerce market and has a strong track record of innovation and growth. JD is another well-established e-commerce company with a strong market position. BIDU is the leading search engine in China and is also expanding into new markets, such as cloud computing and artificial intelligence. BZUN is a rapidly growing fintech company with a strong market position.
I believe that this portfolio is a good investment for the long term. The Chinese economy is growing rapidly and is expected to continue to grow in the years to come. This growth is being driven by a number of factors, including an expanding middle class, rising urbanization, and increasing consumer spending. As the Chinese economy grows, so too will the Chinese stock market.
I recommend you should consider your own individual circumstances and risk tolerance before making any investment decisions.
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BABA Showing Some Bullishness Out of the Buy ZoneChinese stocks have been hurting from China's deflationary economic environment, as well as the Biden administration's restrictive measures for AI chips to China. I believe these factors have caused Chinese stocks to become extremely undervalued.
BABA is currently within my buy zone and is starting to show some bullishness. The price is near the lows of the monthly Bollinger Bands, which is favorable for a long trade setup. The price is also significantly below the EMA ribbon, which is also favorable for opening a long.
Price targets:
The white trendlines are my key resistance levels on the way up, and the EMA ribbon has also been acting as resistance that has pushed BABA's price lower. I think the EMA ribbon will act as a resistance zone for BABA on the way up as well.
BABAI see wave C reach to the demand level around 65$ level I drew on chart and get rejected from it, after that we can see a rise up to the trigger line and in case of a break with momentum of the trigger line we can see at least 40 % gain on Alibaba(BABA) Price.
#BABA #Elliot #BULL
BABA following a parallel chanel downtrendNYSE:BABA is following a downwards trend together with a parallel channel as seen in the chart.
Next support is at $63, so the wait continues
BABA - Accumulation (MAGS)Looks like BABA is going through Wyckoff Accumulation Schematic #1.
Lows to be broken via Spring and then new bullish trend to emerge
baba is ready to go up baba is ready to go up for at least $120 , it's completed wave E of reversal Triangle pattern
short term positive Longprice movent to $95 mid end December!!! Alibaba has been beaten up past month or so its looking like a reversal also xabcd pattern showing up movement as well,
Back to IPOAlibaba's share price is having the worst 3 years since it went public. And 2023 has not been a good year either. The share price has lost almost 18.8% year to date.
Alibaba's share price has been falling for several reasons, including:
1. Increased competition: Alibaba is facing increased competition from other Chinese e-commerce giants such as Pinduoduo and JD.com. These companies are offering lower prices and more aggressive promotions, which is putting pressure on Alibaba's margins.
2. Regulatory scrutiny: The Chinese government has been cracking down on tech companies in recent years, and Alibaba has been one of the companies that has been targeted. The government has imposed new regulations on the company's data practices and its market power.
3. Economic slowdown: The Chinese economy is slowing down, and this is hurting Alibaba's business. Consumers are spending less money, and businesses are cutting back on their advertising budgets.
4. U.S. export controls: The U.S. government has imposed export controls on some advanced computing chips, and this is hurting Alibaba's cloud computing business. The company is unable to access the chips that it needs to develop and deploy new cloud services.
5. Alipay stake sale: Alibaba's sub-subsidiary Alipay is selling its stake in India's Zomato. This is a sign that Alibaba is losing confidence in the Indian market.
However, fundamentally Alibaba still looks attractive and it is one of the most undervalued companies I am looking into. The company is trading close to its 2014 IPO price of $68, allowing me to buy the stock for the first time. The company is not out of the woods just yet.
I am waiting for $68 with a partial entry when the market opens.
BABA End of the year outlookMade a small pullback from the weekly lows. Would be nice to see healthy RSI trend break to bullish direction. Expecting to see some nice action from recent S/R zones and price gaps (not visible on HA candles).
ALIBABA WYCKOFF ACCUMULATIONAlibaba has appeared to enter Wyckoff Accumulation Schematic #1. Let's see how this plays out! 2-3x possible gains over the next 2 years.
$BABA On support. Buy opportunityAdded some Alibaba on support for a move to $85
If support is around $72
Stop loss on a close below $70
$BABA: 80 Might Be DifficultBABA is showing a great deal of relative weakness into market strength and it might be a sign this isn't quite done with the selling yet. If FXI can keep heading up it may be able to pull this up but as of right now I have to consider potential weakness around this area.
Alibaba (BABA) fireproofAlibaba has been battered since the real estate market and China's economy in general took a hit. MFI (RSI+Volume) and MACD showing some divergence in the monthly chart, showed in the arrows. The price is below the key VPVR price and in a support zone (white area). If you like the business, this seems like a good time to buy.
A bounce in BABA stock price?Alibaba Group Holding Ltd's stock (symbol 'BABA') might recover in the next few days if Chinese shares generally move up. BABA has lost around 25% of its value since the end of July and dominant oversold conditions with relatively strong financials might bring some positivity.
The outlook for demand seems overall neutral rather than negative and earnings per share are expected to increase this quarter. The most important data coming up this week are NBS and Caixin PMIs on Thursday and Friday.
BABA AnalysisI had 2 expectations for BABA in my last analysis as price is in the equilibrium level. The bearish scenario played out well, giving us a -8.94% move to the downside. Price is currently respecting the bullish OB and is showing signs of bullishness. I'm expecting price to rally from here, to fill the FVG created during the recent earning dump, and potentially into the FVG at 92.95.
#BABA#Comprehensive Analysis of Alibaba Group Holding Limited (BABA)
1. Current Status and Performance 📈
According to the latest data, BABA has returned 30.45% over the last 12 months, outperforming SPY's -13.92%. This performance has earned it a B (65.87%) composite rating.
2. Financials 💰
Alibaba's financials show earnings per share of 359.9319 and net income per share of 52.1843. operating cash flow per share is 83.9175 and free cash flow per share is 83.9175. the company has cash per share of 225.9591 and book value per share of 407.2119. the company's debt-to-equity ratio is 0.161, which indicates that the debt-to-equity ratio is moderate. is at a moderate level.
3. News and Market Sentiment 📰
Recent news reports indicate a mixed outlook for Alibaba. Despite strong Q2 FY2024 results, Alibaba shares fell more than 10% on concerns about sluggish growth in its cloud computing unit and internal management issues, including the sudden departure of CEO Zhang Chaoyang. The cancelation of the cloud division spin-off and co-founder Jack Ma's reduction of his stake in the company also worried investors. However, I recommend investors consider Alibaba's overall revenue and net profit growth and give the new management team time to prove their effectiveness.
4. financial results 💵
Alibaba Group's December 2022 financial results showed double-digit year-over-year growth in adjusted EBITDA and free cash flow despite the challenges of the COVID-19 outbreak. The company plans to focus on consumption, cloud computing and globalization as key strategic pillars, with CEO Zhang Chaoyang becoming acting president of Aliyun to drive the cloud strategy. Alibaba sees tremendous growth opportunities in these areas, particularly in China's consumer market and IT spending.
5. Future Outlook 🚀
Alibaba Group is focusing on consumption, cloud computing and globalization as key strategic pillars. The company sees tremendous growth opportunities in these areas, especially in China's consumer market and IT spending. Alibaba CEO Zhang Yong became acting president of Aliyun to drive the cloud strategy. Despite the challenges of the COVID-19 outbreak, Alibaba Group achieved double-digit year-over-year growth in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and free cash flow for the December 2022 quarter.
6 Conclusion
Alibaba Group Holding Ltd, whose shares fell on concerns about sluggish growth in its cloud computing unit and internal management issues, reported double-digit year-over-year growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and free cash flow for the December 2022 quarter. The company plans to focus on consumption, cloud computing and globalization as key strategic pillars. Combined with technical analysis of the current BABA is in a daily level of the classic Falling Wedge, combined with fundamental information to see there is still a certain downside risk, short-term need to focus on the S1 support situation, if the S1 successfully stabilized, and rebound breakthrough 88 $ resistance zone, then Falling Wedge was established, above the T1 target level! See 100~105 range. As with any investment, it is critical to consider all factors and conduct thorough research before making a decision. It is also important to consider your investment objectives and risk tolerance.
$BABA - Can it see a reversal?NYSE:BABA Alibaba is trading inside a descending wedge. The stock bounced from the lower trendline of the wedge and has a potential for further upside.
Upside targets:
$84
$88
$92
Downside risk:
$74
🚀 Alibaba - Inverse Head and Shoulders🚀 Alibaba - Inverse Head and Shoulders
✅ TP1 - 120$
✅ TP2 - 180$
❌ Stop - 77.77$
$BABA - Levels to keep an eye onBABA was sold off quite aggressively after results and is once again trading at the bottom of its recent range.
The levels that need to hold are 77.38 and then 74.00. Previous swing lows are all the way lower at 57.60.
Upside target is still the top of the sideways channel, 121.00
Waiting for pullback to accumulate AlibabaHere is the link probably for those based in Asia and can buy Alibaba shares.
From its low of 57 dollars, it has bounced back more than 100% to its current price of 115 in less than 3 months. It is written on the wall that the tech sector regulations in China is over and a new chapter has begin in 2023 onwards. The Central government will now have a stake in these tech giants in a way to control their monopolistic behaviour.
The platform business, e-commerce, live commerce, internet related sectors are all too important in China and it is only in the interest of China to continue to invest and grow this sector exponentially. It could be the first sector to pull China out of its doldrums and spearhead its bearish GDP figures last year. Now, with the travel ban lifted up, we will witness the hospitality sectors picking up the lowest hanging fruits.
Do not forget, bookings of flights , hotels, payment gateway are all digitalised now so those operators behind these industry like Alipay, Tencent, Trip.com, etc will be the main beneficiaries.
So, I will be accumulating shares of Alibaba (9988) since I am based in Singapore slowly this year.
Please DYODD.
