ALIBABA INC BABA heading for 150/170ALIBABA INC BABA heading for 150/170 after a dip to 74 from ATH 320
BABA trade ideas
$BABA Retest/Short Opportunity
Filled downside gap in a hurry, another gap up held for 2 days. Some brewing rumors hitting wires "China to impose compulsory measures on a person with surname of Ma" per Chinese media.
I think this retests a vwap ($108.41 to be exact) and an obvious place of resistance and sellers. Depending on global macros this could change quickly obviously.
Looking for a probing of $108-$110 then rejection. Always size appropriately for you're own risk management. A bevy of stops set below $80 is likely which could flush this down closer to it's all time lows.
$BABA on 1hr Gap Fill to Downside$BABA on 1hr Gap Fill to Downside
Earnings May 6th.
What are your thoughts?
Thanks,
Kelly
ALIBABA FORCAST- on the weekly chart : a long down trend with few pulbacks every now and then
- personal opinion : theres no clear signal of a reversal , so the price will continue it downtrend
- best move : sell for long term
loving this BABA setup, lets go! amazing gap up today! watching for continuation next month
could see rejection at trend resistance again so be careful once we reach that level.
targeting 112.29-124.07-134.63
Alibaba (NYSE: $BABA) Rock'n Higher On China Stimulus News! 👲🤟Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; and Tmall Global and Kaola, which are import e-commerce platforms. It also operates Lingshoutong that connects FMCG manufacturers and their distributors to small retailers; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, the company offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, machine learning platform, and Internet of Things services. Additionally, the company operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency app; and Tmall Genie, an AI-enabled smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.
BABA Long term hold-Price come back to first entry an average of $86.50
-Seems like the CCP is done smashing this stock so should see some steady growth from here.
-Risk of delisting is still on the cards but stops are in place accordingly
BABA should hold 83 then BO Channel or 70 will be double bottomBABA has been making a long downchannel which has to be broken to be really bullish.
First it must hold the current 83 FIB level, then BO the downchannel at around 95. After that BABA will
still face a big resistance zone at the 110 to 130 range. There will be a lot of sellers here which the new buyers must be willing to absorb in order for the price to go above this critical zone.
Failure to hold the current 83 Fib level to see a double bottom for BABA at 70. This will be very very near the end of that big ABC correction.
BABA is the top e-commerce company in China (Amazon of China but with a very low PE ratio after this crash).
Not trading advice
BABA providing a SELL LEVELNYSE:BABA
Enthusiastically Brought to You by ManhattanStocks
All Requests , Suggestions and Remarks are Welcome
Swing Calls if BABA holds over 85.89Lower gap was filled on the daily chart, below 83, and price made a quick move higher (buyers came in). I like RSI here on the 30min chart because it made a strong move over 50, pulled back to retest it, and is higher. There were two 30min candle closes at 85.89, which is why I am using this as my stopping price.
I am looking for daily stochastic %K to round up over 20 soon with a higher daily close. This will create a better bullish setup for a swing trade.
I will take profits today at least partially. For a swing, allow time because overnight changes are unpredictable. China's market made a sharp drop due to Covid lockdown concerns, which adds to a beneficial backdrop for buyers coming back into this stock.
alibaba for short or what?????hello friend make sure you stick to the SL its volatile stock can be go down if risk to reword suit you then go with small qty
Gap filled, swing calls before earningsI waited and premarket this gap below 83 was filled. in the first 2 hours price never dipped back below 83 and I am looking for a quick move back to 100.
Price could move down to yellow line to really revisit the lows but there probably needs to be a strong news sell for this. I will not hold my calls too long because high VIX has inflated option prices today. If stock starts moving I may even trim/exit by end of day and then take another position.
Baba(update) I posted this market at 143$ and said am shorting it alot of people came out against the single and I again posted the position when we hit 91 to 92$ and said my next target was 85$ people said it can't go any lower than 85$....i will be adding 1more position on my baba sell my next target is 75 to 70$ a share...
strategy for BABA monday 04/24/2022Hello Trader we see with BABA the opposite of AMC for Monday. BABA at its opening was bullish then makes a correction closing very close to the minimum (86.31) the operation should be the following if the opening is above the closing price, do not chase the price. This is in the sell zone once it reaches the high zone and then confirmation to sell. the bullish condition will only occur when the stock is outside the range of the high and low above (91.00).
the bearish condition will only occur below (85.00) once the action is outside the range of the low and high
Baba gotta fill dat gapIf all gaps fill, then baba has a couple to take care of. Short till we fill around $78.
