Alibaba
Alibaba stock Analysis – BABA Stock The Idea is to go long - Just wait the right time to go long. Prices might keep going down to test the tentative trendline before going up again.
Fundamental News:
SINGAPORE (Reuters) - Southeast Asian e-commerce firm Lazada, a unit of Alibaba Group Holding Ltd, on Friday named its third chief executive in three years - a move that comes after it lost ground last year to rival Shopee.
Chun Li, Lazada co-president and head of its Indonesia operations, will take the helm from July, replacing co-founder Pierre Poignant.
Serial share-price-target increases by analysts on Apple and Amazon failing to generate fresh impetus for investors to commit new money into them aggressively. For now, at least.
BABA - Alibaba buy zonesHello traders,
Description of the analysis:
Alibaba support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
ALIBABA stock Market analysis with Technical AnalysisBased on technical analysis, the idea is to go long, but be aware that a retracement price could have started.
Short term Hold
Long term- go long
BABA Analysis (ALIBABA GROUP HOLDINGS LTD)When NYSE:BABA closes significantly above the green rectangle area (Significantly above the 201.5) , I think it would very likely to continue up to around the 209-210 area (Around first blue line) , with a potential to reach the 219-220 level (second blue line) , depending on how price would act around the 209-210 area .
ALIBABA - BABA Technical AnalysisFundamental Analysis:
Alibaba sees China retail volume growing near pre-pandemic levels but stock falls amid U.S.-China tensions
Technical Analysis:
Option A - 45% - Prices Will follow the bullish Market -upward trendline
Option B - 45% - Prices Will find the next support before jumping up again below the upward trendline
Option C - 10% - Target Price 180.00 usd - If Tension between USA and china will keep growing
The Idea is to wait the right time before going long.
CNBC: "BABA stock could forecast the global economy's next move"CNBC news: www.cnbc.com
One Chinese stock could forecast the global economy’s next move.
Key points:
Alibaba “stock started rolling over in very early January before the Chinese stock market did and certainly before the global economy started to slow down.
So in other words, its weakness was a good leading indicator to tell us that the coronavirus was going to have a bigger impact than a lot of people thought,” Maley said Tuesday on CNBC’s “Trading Nation.”
Alibaba stock executed a double top pattern before the first crash and is now heading replicate the pattern again. I personally wouldn't take this as any kind of clear sign as I'm doubtful of how good of a leading indicator Alibaba stock is for the global and U.S. economy. However it's interesting to wait and see how things play out for both, the S&P 500 and Alibaba.
Is this King of Tech a Prince of Thieves? | ALIBABA ($BABA)🗺️ Despite strong earnings for Alibaba and an epic recovery since the COVID dump, BABA is in real danger due to new legislation in the US that essentially targets Chinese companies. The legislation won't necessarily lead to anything like a BABA delisting, but fear, uncertainty, and doubt (better known as FUD) surrounding the news makes it hard to see new all time highs for this Chinese giant. Given the uncertainty, what we have now is more of a sell / no trade zone than a clear long or short.
While we typically short downtrends on retests of bearish orderblocks and bearish S/R levels (maroon lines), we have no clear trade at the moment. So instead let's look at some levels of interest.
Below we have S1 - S3 for support. S1 would work well for a dead cat bounce, because it would appear to keep the bullish structure of the trend in place. Meanwhile, any level on the trend line starts to erode the uptrend and is likely to only act as gradual support on the way down.
If the bulls can somehow keep BABA afloat, even if just temporarily, resistance levels above include a retest of R1 and the R2 swing highs, both of which could set us up for a nice short.
Resource: www.bbc.com + www.marketwatch.com
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