Alibaba
BABA Daily chart with Fib and EwaveLooks like BABA resting on some support today after falling from support yesterday. Currently resting on .786 fib level. BABA is CHEAP right now, but there can be more downside with major support at $230-ish level as the ultimate bottom (unless there's a market-wide sell-off this is not very probable. I am personally adding to my March calls here.
BABA - BUY opportunity including Stop Loss and Take ProfitAnalysis of BABA (Alibaba Group).
Current price is an opportunity to buy BABA.
Alibaba group lays on a strong support level, and just might bounce back up.
Even if my RSI Tunnels indicator is bearish, but it's in the deeps and there might be an opportunity here for a long.
Stop Loss = 255
Take Profit = 300
Buy around current prices, 265-266
We can loss around 10$ (255 stop loss) per share but we can win 35$ (300 take profit) per share
definitely positive risk reward ratio.
Sounds like a good deal to me.
Of course, if BABA breaks the 300 price barrier , you might want to consider holding it a bit more as it can reach it's 320 range.
Soon i might publish more interesting ideas, Follow to get notified.
BABA: 2 Day Chart Shows Where Bulls May Be HidingBABA 2 Day Analysis.
I just caught a trend I wanted to point out.
The bulls do have a very strong trend in play underneath at 253 acting as support. I pointed that out with the heavy blue lines and colored the top as support to show where it is in relation to current price action. The bull zone I posted earlier happens to be positioned in the top portion of that trendzone. This gives me even more confidence in that zone.
Also, the CDV indicator below is still bullish. it usually correlates within +/-5% so it's rare to see it out pacing price action by 2x. It has began to flatten out but we haven't confirmed any bearish trend on the indicator. This may show bulls are on the sidelines waiting for their sign.
Aside from my bull zone prediction, there is strong confluent support at 253. I would not short into this zone.
None of this is a recommendation. All of your trades should be considered with your own personal analysis. NYSE:BABA
ALIBABA trading in an ascending channel? 25% potential GAINSALIBABA is clearly trading in an ascending channel. So far it has bounced off the support line.
As u can see there are two ascending channels I have drawn. I hope ALIBABA will break through the first channel (mid white line) so that it can/ might grow to a 25% gain.
My idea is buy at the support, take profit at the first resistance/ take profit at the top.
Stop- loss 5% ish beneatth the support line.
What do you think?
Chart Illustration: Why traders lost on BABAI had a few friends that lost money investing in NYSE:BABA for their upcoming Ant IPO. The reason Alibaba stock got crushed was pretty apparent to me and I wanted to do an illustration on Tradingview so that others can have the knowledge going forward in their own investing.
BABA LONG SET UP (ALIBABA GROUP HOLDINGS LTD.)TITLE/(DATE)- BUY BABA/USD
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY Market
Time Frame-4hr
ENTRY PRICE 1- $267.50 ✅ market
ENTRY 2- $265.50 (PENDING)
STOP LOSS- $457.50 (100PIPs)
TAKE PROFIT 1-$277.50 (100PIPS)
TAKE PROFIT 2- $287.50 (200 PIPS)
TAKE PROFIT 3- $297.50 (300 PIPS)
TAKE PROFIT 4- $307.50 (400 PIPS)
STATUS: 🏃🏽♂️ENTEY 1 ACTIVE 🏃🏽♂️
ALIBABA / BABA STILL GOING - LOVELY TRADE ENTRY !BABA trade entry with nice tight SL, still open and running
BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +4.28%
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
baba means bull now this company never stops amazing me, there isn't a TA that has forecasted this stocks price that wasn't short since idk 2014 lol its p/e ratio is insanely good, its in straight bull mode for the benchmark 300 that might be a phycological brickwall but I think were on pace to blast past that, its literally went up 3 percent aftermarket already. its nearing the 1 trillion gross and should best that in 2021 or 22, and it has a very modest subscriber base of 880 million and growing compounded 3% a year. I could go on and on, but just so you know investing 1k in amazon in 94 would make u a millionaire today, baba is 20 years younger and doing the same thing with a larger audience base. im not missing out on my chance again so im all bullish in this stock HODL
BABA, What can happen?The price didn't break the Support/Resistance Zone and can start rising from this place.
The condition to open buy: the daily candle touches the zone with huge ATR.
But, if it will approach slowly we should wait for the breaking and Sell signal.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!