Alibaba Group (BABA) Potential Long Trade
alibaba showed position reaction on a major trendline on a 3d chart.
with a sequence of rejections and double bottom formation on 4H, chances are high that the stock will start recovering soon!
now I am looking for a 4H candle close above 188 minor resistance!
it is a perfect signal for us to open long expecting a continuation to at least 208 level
good luck!
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Alibaba
FANG+ Stocks: Buoyed in 2020 by Solid Earnings and Low RatesFor those who have followed my ideas over the past several months at-least, know that I remained bullish not only in the entire stock market on a broad basis, but US Tech was one of my top picks for continued growth which has deemed correct. I went on to say that 2020 will be a better year from peak to peak growth over the broader markets than 2019 which for now, is correct.
In-fact, even compared to "experts" across the lamestream media, I was one of the very few that actually believe 2020 would be a better year for the broader market than 2019 and not only has this deemed correct, but it will remain correct.
FNGU represents one of the best leveraged funds in the entire market and significantly better than the popular TQQQ, and even superior to the other popular 3x ETF TECL.
The companies the stock follows are diversified in a 10% weighted classification which is reset quarter by quarter. In 2020 I view all 10 of these boasting significant and continued growth.
- Tesla (My TP: 1000+)
- Nvidia (My TP: 350)
- Alibaba (My TP: 275-300; if Chinese GDP rebounds in Q2 then 400+)
- Bidu (My TP: 175-200; if Chinese GDP rebounds in Q2 then 250+)
- Twitter (My TP: 45)
- Facebook (My TP: 250-275)
- Apple (My TP: 375-400)
- Amazon (My TP: 2800-3200)
- Netflix (My TP: 425-450)
- Google (My TP: 1600+)
Of those listed above, Tesla, Nvidia, Apple and Amazon all have posted historic earnings; Netflix and Google posted decent earnings; Alibaba and Bidu continue to be remarkably undervalued given the current state of the virus, however, this will change by Q2 or Q3 of 2020; and Twitter and Facebook will likely rebound and show signs of strength as the year progresses.
In the long-run, Nvidia will be a dominant force in the AI market; BIDU and BABA will likely go on some sort of parabolic run to 3-4x their current stock value and Tesla will become a world dominant force in the EV and battery market. While normally 3:1 ETFs hold an inherent risk, given the diversification in this fund, one can capitalize on significant growth appreciation by investing into this ETF.
By the end of 2020 FNGU could and will likely triple in numerical value from current price (~100/share) buoyed ahead by decent earnings growth and likely the Fed lowering rates at-least twice in 2020.
An important technical note: once the SPX gets closer to 4000, investors should reduce their exposure to high risk ETFs as 4000 represents the peak of the longitudinal channel on EW theory. Investors should also reduce risk closer to late 2020 (October-ish) if the Democrats (particularly Bernie Sanders) have an elevated risk of winning the election based on polls.
- zSplit
BABA before EarningsBABA is mostly bullish with multiple successful formation exits in the past. Short-term likely to correct towards 200 suggest 7 out of 10 major indicators. The stock has too much empty space at the beginning of the current triangle (marked 'X'), which now requires a second leg. Breaking out above the triangle now would form a double-top crashing the stock later on (rather unlikely to happen). For now the most "healthy" performance is a quick drop towards said target.
Note that the stock's current 'weekly' and 'monthly' suggest a larger downward move towards 170 if 200 doesn't hold . Take a look:
WEEKLY:
MONTHLY:
ADX:
RSI:
Use 199.50 as your marker for a possible further correction (if it drops below).
This post will be updated continuously when mentionable changes can be observed.
BABA VS AMAZON QUICK COMPARISON ! Alibaba is very cheap 2019 SALES INCOME EBITDA EPS
BABA 60 BN 14.30 BN 5 USD
AMAZON 280 36 23
BABA PRICE IS 220. SO EPS YIELD IS 2.3 %
AMAZON IS. 2200 , 1%
AMAZON IS CLOSE TO 90 X. AND BABA 35 X EARNINGS
Potential for BABA to grow is much higher in China than Amazon and is much lighter on the huge infrastructure cost than Amazon
Warnings : NOT SAYING AMAZON IS SHIT IT IS A GREAT LONG TERM INVESTMENT BUT BABA IS BETTER UPSIDE ON THE LONG TERM
IF YOU WANT TO PLAY THE GLOBAL DOMINANCE OF ONLINE RETAIL THEN BUY THE TWO AND YOU ARE COVERED , ONLINE WILL KEEP GROWING FROM 10 TO 20 OR MORE EASILY SO BOTH ARE IN A GREAT SPOT
Alibaba Stock Pattern Suggests Uptrend is Almost OverAlibaba Group, $BABA, is a Chinese multinational company specializing in e-commerce, retail, Internet, and technology. Here is what to focus on as we're expecting the earning release on 13th February 2020.
However, Alibaba stock is climbing to a new all-time high from a breakout that makes the bulls very excited about the future. But are they right to feel optimistic? That is the question we hope to answer with the help of the Elliott Wave Principle and the chart below.
Alibaba’s weekly chart reveals the entire price structure from the 2015 bottom at $57.07. As you can see, it is a textbook five-wave impulse, labeled 1-2-3-4-5. The sub-waves of wave 3 and 5 are also visible.
The market apparently took the guideline of alternation into account, too. Wave 2 was a sharp plunge, while wave 4 moved sideways in a triangle correction. Triangles precede the final wave of the larger sequence.
If this count is correct, the current rally must be wave 5. The theory postulates that a three-wave correction in the other direction follows every impulse. For BABA stock, this means we can expect a bearish reversal once wave 5 is over around $250.
The anticipated retracement has the potential to erase the entire fifth wave. A decline back to the support area of wave 4 or even lower is very likely. $130 a share seems like a reasonable target in the next couple of years.
The risk/reward ratio doesn’t look very favorable to the bulls with the stock around $213.
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Virus creates opport'ies to buy Alibaba at a time investor FEAR The Chinese government will, in time, regain control of the situation and refocus the bulk of its immense power on strengthening and modernizing the world’s second-largest economy. The economic hiccups caused by the virus should be viewed as short-term distractions that create opportunities for long-term investors to buy shares of Alibaba at a time when investors are afraid.
BUY STOCKS WHEN MARKETS CRASH AND LOOK THE RESULTS AND REAP HUGE REWARDS WHEN MARKETS RALLY !!! IT WAS TIME AND TIME AGAIN DEMONSTRATED IN HISTORY
STICK TO HIGH QUALITY NAMES WHICH ARE LEADERS AND DELIVER STRONG FUNDAMENTALS REGARDLESS OF MARKET CYCLES AND ARE IN LONG TERM SECULAR UPWARDS TREND
INTERNET SHOPPING IN CHINA IS JUST STARTED AND ALIBABA IS THE ONLY MAJOR PLAYER ALMOST A MONOPOLY FOR 1.5 BN CHINESE ! WHAT THEY CAL SELL IN ONE DAY IS UNPRECEDENTED AND MIND-BOGGLING
ALIBABA DID NOT ENJOY THE EXTRAVAGANT VALUATIONS OF THE MAJOR US TECH COMPANIES SO THIS IS A SAFE BET
STOCK will BACK TO 240 -250 AFTER HISTORIC EARNINGS BEAT !!! Just the same reasoning as Amazon we know they crushed the sales last quarter ans expanded also into cloud
This will translated to ATH gain so enjoy the cheap stock while you can and blessed the corona virus !!!!
No need to say more or demonstrate it further
Alibaba - BABA Dip The Corona Virus fears have had a impacted some stocks. We've seen INO and other biotechs sky rocket as other stocks have taken a hit. Alibaba has taken about a 13% dip in the past couple of weeks and we have been looking for a solid entry point as fears begin to wane.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
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Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Dont panic stay calm this virus will be contained like always Dont panic stay calm this virus will be contained like always in the past they have learned from the SARS that's why you see massive Quarantine
Just breathe deep and wait next week with a fresh view
wowww we are not used to it anymore lolllll
BABA, Alibaba Group Holding Ltd - Trailing StopNYSE:BABA
The technical analysis pattern is made to search for the Entry Point, always on a statistical basis taken from backtesting.
We have analyzed all markets, equities, bonds, indexes, commodities, forex, cryptocurrency using instruments such as spot, ETF, futures, options and more.
Our conclusion is to focus only on a part of them because they are really profitable with drawdowns contained in the various models of money management.
BABA is one of the most capitalized companies in the market and we were waiting for a Long signal to enter this position.
Good trading at all!