CWEB starting to look better with this wedge breakoutI'd like to see a retest of the wedge for a safer entry or a consolidation for a few days above the green line around $12.35
The daily RSI has also broke resistance which is typically bullish.
Lately CWEB has been sold off after going above the 34 EMA, it has to stay above that to gain confidence in a long-term uptrend.
Alibaba
Alibaba to Keep Falling? Alibaba - Short Term - We look to Sell a break of 109.62 (stop at 117.14)
A break of 110.00 is needed to confirm follow through negative momentum. Closed below the 20-day EMA. The trend of lower highs is located at 128.00. Our overall sentiment remains bearish looking for lower levels. The primary trend remains bearish.
Our profit targets will be 89.94 and 85.50
Resistance: 128.00 / 140.00 / 150.00
Support: 110.00 / 90.00 / 80.00
Alibaba is due to report earnings on the 8th February 2022. Trading over earnings releases carries additional risk and volatility is expected.
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BABA SoftBank to Sell Its Huge Stake ???Additional American depositary share registration in the U.S. was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake.
Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake,
The can drop to the $109 support, if not even lower.
Looking forward to read your opinion about it.
Technical Analysis Of 10 Mentioned Stocks!Hi,
Long time no see! ;)
Actually, quite a busy time but still, have some old depths again and here they are - the stocks you mentioned in the comment section. Probably you don't even remember them :)
Sadly this series is not popular amongst crypto followers but still got enough data to sort out some stocks which may indicate that technically we get short-term bounces from shown areas.
To be said, it is the only technical side, fundamental analysis is your homework to do. These aren't my picks, these are your mentioned stocks.
Remember - fundamental analysis showing what to buy, technical analysis showing when to buy. So, do your homework and select what to buy ;)
1. Adobe
2. Alibaba
3. NVIDIA
4. Ball Corporation
5. Block
6. JD.com
7. Ford
8. CRISPR Therapeutics
9. Intel
10. PayPal
If you were interested in anything, go and do your homework! ;)
Regards,
Vaido
$BABA downside riskWhile $BABA has had a nice gap up movement in the past few days, perhaps caused by anticipation to their earnings coming due, I expect the stock to have continued upward pressure. Therefore, I expect there to be more 'time and price' and filling of previous pricing areas as notated on the chart around the 115 TO 113-ish area.
The complexion of China has not changed; therefore, it's a 'sit on the sidelines' until we acquire some movement from the country.
Alibaba Analysis 01.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
$109 was the bottom? $BABA RSI hinting a breakout!Hey Traders,
As evident on the Weekly Chart of Alibaba (BABA), the Fibonacci Retracement looks like it matches up almost perfectly! Next, the Weekly RSI has something very interesting.. A descending resistance line is clearly present and if we are to break it, BABA would have a rebound to the golden pocket. The target is at .618-.65 ($238-$246) so set TP's/ Sell Orders there.
Safe Trading,
-Pulkanator
BABA Back at Median Line after distibutionHello Traders,
Here is an analysis on Alibaba. As you can see in the chart Baba has completed a Wyckoff cycle of accumulation and distribution. Now that the price action is back at the median line it seems to be forming a triple bottom base and taking a break from its recent sell off. We will want to see more bullish volume grow in this area to confirm this base before looking for any buying opportunities. As the price action sits on the baseline in the middle of the structure the longer it holds the stonger it becomes and a buying opporitunity will approach.
Patience is the only key to opening the door to profits.
Savvy
Alibaba Longterm Investment PlanHey Trader,
please see my idea on the Alibaba stock, that is currently giving us an amazing opportunity to invest.
This target is purely based on technical knowledge and this chart is more for myself in order to track my progress with this stock.
This is no financial advice,
RT
Has BABA hit the rock bottom?
Technical analysis used is called Elliott Wave technical analysis.
We can see an almost textbook 5 waves movement down.
I have done a quick check of the validity of the count, based on the rules and:
1. Wave 2 never moves the start of Wave 1
2. Wave 3 is not the shortest out of the 3 impulse waves W1,W3,W5
3. Wave 4 never enters the price territory of Wave 1
All checked out confirming the validity of the count.
The Fibonacci sequence is the mathematical basis of Elliott Wave Analysis.Based on that and on the guidelines I can see two scenarios for Alibaba and the ending of Wave 5
1. Scenario Nr 1 - Wave 5 ending where it is now. Based on the common Fib extension of 0.382 one of the most common one for Wave 5 . This one found support 3 times in the past month at this level.
2. Scenario Nr2 - Based on the guidelines when we have an impulse wave and Wave3 is the extended one, which is the case so far, Wave 5 and Wave 1 tend towards equality. This equality would happed, guess where at 0.618 golden ratio.
I continue to be amazed by the precision of the Elliott Wave Model.
Disclaimer: This is my analysis and does not constitute financial advice.
BABA | 2nd moveBABA... so much attention lately.
Step 1
It would be pretty right to say, that most people have bought BABA at higher levels, 150-180$.
This was before the big recent fall.
This was step 1 - entering the stock before the collapse.
Step 2
We are heading to the next step, which could be not very planned, but considering the circumstances, becomes necessary.
Because of such a massive decrease of price, it's important to average the overall price, by buying more of the cheaper stock.
It will yield eventually additional profit and compensate the initial higher price.
A possible Step 3
Some are trying to guess the future, and where will the chart be in some months from now.
Since we all know it's a useless task, the only realistic approach to handle current situation, is keep buying on each next significant price decrease.
As example:
Step 1 was made at 170$.
Step 2 will be done at 100$
(if necessary) Step 3 at 70$
Knowing that BABA has a significant amount of cash, nearly no debts, positive and stable cash flow, good ratio indicators and 1 billion of active users - even if the stock will go to zero, it wouldn't change much.
The company won't close, just because the stock worth less - they keep selling everyday.
Besides, if the stock would reach 70$ at some point (which doubtful), it could be that for such a price, even those who don't trust BABA, will all run to buy such a discounted high quality product.
Considering that 70-80$ does not seem as a realistic option, 100$ purchase is the best next possibility, which shouldn't be neglected.
Let the BABA power be with us!
Alibaba Analysis 25.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
US Stock In Play: $BABA (Alibaba Group Holdings Ltd.)$BABA is caught in a 15-month downtrend channel but there could be short term upside opportunity ahead.
trading above Q2 earnings VWAP & 10/20MA. also attempted to re-capture its 50MA, with MA convergences taking place. price action behavior is very similar to oct'21 period.
Alibaba signaling a reversal?BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm anticipating short-term bullishness followed by perhaps one more low, and then solid growth.
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These are my personal views and not financial advice. Please do your own research before investing.
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Alibaba Analysis 04.01.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BABA - Alibaba Group Holding LtdBullish - Will require patience like my other trades.
( NYSE:BB NASDAQ:TLRY )
Previous Close 165.24
Open 159.99
Bid 159.56 x 800
Ask 159.57 x 800
Day's Range 158.56 - 161.74
52 Week Range 152.80 - 319.32
Volume 30,294,580
Avg. Volume 20,830,984
Market Cap 436.158B
Beta (5Y Monthly) 0.81
PE Ratio (TTM) 19.25
EPS (TTM) 8.28
Earnings Date Nov 03, 2021 - Nov 08, 2021
1y Target Est 1,788.37
NYSE:BABA
CAPITALCOM:BABA
BCBA:BABA
SIX:BABA
MOEX:BABA-RM
SWB:AHLA
CAPITALCOM:9988
BCBA:BABA
OTC:BABAF
FTX:BABAUSD
MYX:ALIBABA-C3
SWB:2RR
BITTREX:BABAUSD