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Alibaba

BABA Reversal from recent lows, looking for 90.00Inverse head and shoulders pattern on 30 minute chart with high volume. consolidation between 85.00-86.20. A move with consistent volume can take BABA to 90 quickly. Point of Caution: 1) 8% move happened in one day. Time is needed for consolidation. Profit taking should occur with support from buyers. 2) P/E above 40 on a business that has a market cap of $213B+ 3) 2.23B float. Every $1 increase means BABA is worth $2.23B more, i.e., valuation can really get ahead of itself quickly. 4) Investigations in to allegedly erroneous transactions could prove harmful in the short term.
NYSE:BABALong
by trdollar
9
Yahoo Inc - Has it got anything to shout about?After successful IPO of Alibaba and resulting proceeds and forecast busting 3rd Qtr Earnings released after the market close today, will Yahoo have anything to shout about. Or will it be the case that Yahoo's wealth and treasures will flee along with Alibaba & his 40 thieves? Time will tell. However, I think the Chart say it all. Look forward to catching some of that fleeing wealth. As all ways do you own analysis. If you like the idea, choose to follow me and the chart for future updates. Have you an alternative scenario? Share with me. Thanks.
YShort
by DanV
1
CNET - CHINANET ONLINE HOLDINGS SIGNIFICANT LEVELS ON WChinanet shares reached an incredible evaluation this month, from 1$ up to 4$. There are some positive news that probably had catalized this strong uptrend. First of all the company is in discussions for a partnership with Alibaba's online shopping unit Taobao. On September 22 ChinaNet Online Holdings announced that the company won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference. At the moment we are at 3$ level, and i think it's still possible one more leg up till 4 - 4,5$ level, that is a strong resistance area from 2010. When such impulsive uptrends occur they are normally followed by a strong retrace. Even if we touch the 3,5-5$ resistance area i think it will follow a strong retrace untill 1,7 - 1,3$ area. Also in the past this stock shows about 78% retrace after an impulsive uptrend. If this security breaks the 5$ resistance it can easily go to previous hight on the 7$ level, that can open the road for the blue sky territory or invert the trend. Good luck for your trading
NASDAQ:CNET
by cantestogo
FIRST ALIBABA CHARTS, WE WERE THERE THAT DAYAlibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum excursion points, from about 70-75$ to 100$, giving an opportunity to gain about 30%. Good luck for your trading
NYSE:BABALong
by cantestogo
Is Alibaba Going To Run Wild On $EBAY & $AMZN?Last week, Chinese internet giant Alibaba Group Holding Ltd filed papers to be a public traded company. The IPO is expected to be the largest deal in history. The company is expected to fetch over $20 billion from investors. Alibaba is expected to go public sometime this month. U.S. consumers are now going to be much more familiar with the Alibaba brand once this IPO is finalized. At this time, the U.S. consumer has been shopping on Amazon.com (NASDAQ:AMZN). Amazon.com stock topped out in January 2014, at $408.06 a share. Since that time, the stock has plunged to a low of $284.38, before rebounding to its current price of $343.94 a share. Either way, the Alibaba IPO is going to be a negative for Amazon.com and other major online retailers. Short term traders should note that the Amazon.com stock will have major chart resistance around the $360.00 level. That resistance level represents an area where the stock is expected to move lower, or encounter an area of resistance from moving higher. eBay Inc (NASDAQ:EBAY) is another major online company that could be adversely affected by the Alibaba IPO. After all, the name Ali Baba comes from the fable Ali Baba and the Forty Thieves. You can be sure, Alibaba will certainly steal some online business after this IPO is released. Nick Santiago Chief Market Strategist www.InTheMoneyStocks.com
NASDAQ:AMZNShort
by InTheMoney_Stocks
Why Yahoo! Inc. (YHOO) Is Killing The Alibaba IPORecently, I have been approached by a number of friends interested in investing. Most of these friends have never paid attention to the markets, or even invested or traded stocks on their own. Yet, most of these people are interested in one stock in particular. You have probably even heard the recent hype yourself... you guessed right, its the Alibaba's IPO. Many traders and investors are aware that there is one way of participating in the Alibaba IPO, and its through Yahoo! Inc. (YHOO). However, the fact that many people are aware of this makes the trade even scarier. As experienced traders know, whenever the general public is drawn into an IPO of this magnitude, smart money will stay away from it. Instead, smart money will trade the reaction. Allow me to elaborate on this trade... Last year Yahoo! Inc. (YHOO) put in a low of $18.89, earlier this year it hit a high of $41.72. Looking back further in time to 2011, Yahoo! Inc. (YHOO) was trading as low as $11.09. That's when the smart money got in ahead of everyone else, and off course, before our neighbors, friends or even the different media outlets even mentioned Alibaba's IPO. Let's take a look at Yahoo! Inc. (YHOO) performance this year. The chart below shows us that Yahoo had a small rise for the first few days of the trading year. Since then, the stock has done nothing but drift lower. It has now put in place lower highs and lower lows, which is a bearish signal for the equity going forward. Why do you think this price action has been occurring? Isn't Alibaba's IPO supposed to be one of the greatest, biggest and most promising IPO's to hit the market in a while? Well, while media and Wall Street hype suggest that Yahoo's stock should continue to sky rocket as they will receive billions once Alibaba IPO finalizes. As technical traders, we know that this will not be the case simply by looking at Yahoo's price action shown on the charts. This IPO is already failing, we do not need to see financial documents from Alibaba nor Yahoo. Remember that the charts always give us a sneak peek into the future, and the future does not look bright for Alibaba, nor Yahoo! Yahoo! Inc. (YHOO) is downtrending as it is now trading below the 20, 50 and 200 day moving averages. This tells us that the easy money has already been made. Yahoo's, price action is weak and the stock has a very good chance over the next few months to trade as low as $22.75 per share. This is not a good sign for Alibaba's IPO. Smart investors must avoid the hype surrounding these two companies. However, this does not mean that there won't be buying opportunities for Yahoo. There will be many bounces along the way and as savvy and well informed technical traders, we will trade this or any other equity both on the long and short side. But the longer term outlook for Yahoo! Inc. (YHOO) as well as Alibaba is negative, and again, you must not get drawn into the hype surrounding this and other IPO's. Learn how to profit from the Yahoo trade, or any other equity by utilizing a methodology proven to be effective over the past decade. Join the pro traders of The Elite Round Table and we will give you precise entry and exit points to profit in any kind of market. Don't follow the herd, trade with the pros and profit for life. Kiliam Lopez Elite Round Table, Pro Trader bit.ly @ProTraderKiliam
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by KiliamL