Baba in a key support area in the daily chartBaba in a key support area in the daily chart, ready to continue with signs for a bounce in a support area.
Target Price: 300
Expected Returns: 33%
Alibaba
Alibaba - good priceAlibaba (BABA) has fallen beautifully, I see it as a good opportunity to start accumulating this growth stock.
It will definitely pay off in the future.
You can see a comparison with the market for the past year.
Now for 224.
Trading idea: Alibaba Group Holding LtdCompany: Alibaba Group Holding Limited ($BABA)
Sector: Internet Retail
Timeframe: 3 months (April-June)
Buy zone: Buy zone at the lower white line, currently at $222.75
Take Profit: $264.75
Stop Loss: $210.75
Potential return: 18.86%
Potential loss: -5.39%
BABA LongNot too confident on this one as BABA has been down trending since November.
However price is at the support of the overall long term uptrend(going back years)
Recently we’ve been having lower highs & higher lows.
RSI convergence for most of March.
(do your own research)
55 % chance - ALIBABA share price analysisHello all,
Today I am taking a look at the Alibaba chart,
- The price is in a positive overriding trend.
- Alibaba shows a tendency to break through the golden pocket once in a correction, but then to continue to run positively in the trend.
- This breakthrough has already been made in the current correction.
- The second reaction at the golden pocket looks encouraging
- In the long term, the current trend channel could consolidate further
The plan
- I would like to take a long position at the cross-support of the golden pocket and the lower trend lines.
- If the price does not touch the golden pocket again in combination with a trend line, I will not find an entry point and remain a spectator.
- As a long-term price target I use the trend-based Fib extension
- One for the watchlist, no trade is acute yet
Buy zone: 227 - 222 points, only in combination with a trend line
Target zone: 360 points
With this in mind,
Good luck & Keep it simple!
Max
BABA set for reversalnice support, seems to follow previous price actions and inside a big sturdy trendline
ALIBABA - Open Sesame for the Trend!Hello Trading Family, I found BABA chart interesting.
We can see that BABA is currently trading inside these two brown trendlines forming a rising broadening wedge.
And it is currently approaching a strong rejection/support area.
I call it "War Zone" , highlighted in Orange (circle).
The highlighted orange circle is a strong area to look for buy setups as it is the intersection of support in green 210.0 and the lower brown trendline acting as non-horizontal support. (trend-following setup)
As per my trading style/plan:
Short-term: As BABA approaches the orange circle (area), I will be looking for bullish reversal setups on lower timeframes (like a double bottom, trendline break , and so on...)
Long-term: I will be waiting for a third swing high to form around the upper blue trendline (projection in purple) for it to become valid then buy on this last swing high (gray area) break upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
5 Signals To Buy ALIBABA (BABA)Alibaba (BABA),D1: Support line + Mirror level + Hammer + Bollinger bands + Discount
You need to buy when company is feeling bad, when everyone else is afraid to buy, because when company will be feeling good, it's will be already expensive.
Long JDClassic bullish divergence on the 4H. Using a tight stop, and also, the regulations in China should be taken into consideration. In spite of that, I see a great opportunity for a swing trade and also a long term position.
LONG on NYSE:BABAAlibaba NYSE:BABA shows good potential for opening a LONG position.
Can be seen in the chart (W) how after a few red candles in previous weeks, the stock seems to be respecting the long-term support trendline. Moreover, a previous resistance (230USD) acted as support. For lowering the risk, we could wait for the MACD signal (at the expense of decreasing the potential reward).
Recommendation: LONG on NYSE:BABA, SL = 211USD, P.O. = 320USD
Shorting BABAThere is a KUMO brakeout happening to the downside on the weekly cloud and a potential bearish KUMO twist on the daily chart however there is a support at around 226 which needs to hold otherwise we can see it going down toward to the 200 area.
Alibaba Long (back at support) risk/reward 1/1.5Alibaba took some drops because of the news but also because of the drop in markets in general, however it is a solid company and likely to go up again. A nice buying moment with a ris/reward of 1/1.5
BABA Sells approaching TP 🎯Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
Alibaba Long (great value company)As other companies that are great and face drops on negative news (facebook etc..) it will recover. Perfect moment to buy it on the cheap.
$BABA | Double Bull Flag Breakout: Is The Correction Finished? $BABA formed a second bull flag after breaking out of a large descending channel. Watch for a bounce from the bull flag structure retest above $252.
If market weakness continues then we may see a deeper correction as low as $244 (lower blue zone) where we can look for alternative entries.
Initial target is $290 to fill the gap. Secondary is $302 based on structure. Invalidation below $240.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Alibaba group Accurate forecastAt point 1 you will notice a nice correction pattern that signifies more upside. This is similar to what is happening now at point 2. That is why I expect after the correction at point 2 is completed the uptrend will continue. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
