$CHINAH support should hold 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
This move will benefit $NIO and $BABA. They have been growing exponentially overseas in China and other countries. My team believes that the Chinese will continue to stimulate their economy financially in order to reverse the damages caused by the Covid-19 pandemic and lockdowns.
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Alibaba
#BABA Basing with higher lowsAlibaba has been trying to carve out a bottom since March 2022 with its 3rd successive higher low preceded by 2 successive higher highs. Bulls will want to ensure the $87-$88 horizontal support zone is held so as not to make a lower low than the August Base. The bears will be licking their lips for a gap close of $84 but the bulls on the other hand will want to protect this support at all costs for another run to $100 / $110.
$CHINAH bullish set-up? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Alibaba: more room to fall?Alibaba
Short Term
We look to Sell at 87.83 (stop at 92.37)
We look to set shorts in the early trade. The medium term bias remains bearish. Short term bearish momentum has stalled. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Our profit targets will be 78.05 and 73.21
Resistance: 100.00 / 120.00 / 138.00
Support: 90.00 / 78.00 / 75.00
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BABA Testing MA200 since Feb21The Last time BABA touch MA200 was in 22 Feb 2021. Since then, BABA has been trending downwards below MA200 line, struggling to even surpass the ichimoku cloud and the downwards channel
Some Positive Signs of Reversal
-break above parallel channel
-Candlestick interact with MA 200
-Candlestick went above ichimoku cloud during june-july 2022
-Higher high(HH) formed
-Higher Low(HL2) seems to retrace lesser than HL
-Lagging span went above candlesticks(currently within the clouds)
-High trading volume at 73.39(speculative support)
Currently BABA still in bearish mode
-moving under MA200 and underneath ichimoku cloud
Some Strategies :
Conservative: Wait for candlestick to go above both MA200 & ichimoku and enter during retracement. Stop loss 5-10% below 73. More Margin of Safety & Lesser Future Gain
More Aggressive: Enter now(on the lower part of black parallel channel). Set TP at 136 or Expected uptrend of 1:1 of Line B from HL2. Stop loss 5-10% below 73. Lesser Margin of Safety & More Future Gain
#ALIBABA #BABA
BABA Potential for Bearish Drop | 12th August 2022On H4, as there is a bearish divergence of price and MACD , and the price is almost breaking the ascending trend line , we have a bearish bias that the price may drop from our sell entry at 162.78, where the price is testing. If the price break the sell entry, we could take profit at 149.55, which is in line with the 38.2% fibonacci retracement . Alternatively, the price may rise to the stop loss at 173.01, which is in line with the pullback support and 78.6% fibonacci retracement .
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Alibaba Group Holding Limited - Risk Assessment ReportAlibaba Group Holding Limited (NYSE:BABA) shares gained over 7% in pre-market trading August 4 after posting good results for its difficult first fiscal quarter. Both sales and earnings per share were higher than expected. For the June quarter, revenue was $30.7 billion, similar to the previous year. Even though it was the weakest rate of growth on record, investors welcomed it because consensus had previously predicted a fall for the very first time in Alibaba's history owing to sweeping city-wide lockdowns in April and May. Earnings for the June quarter also above consensus projections by $0.19 per share, coming in at $1.75, highlighting smart cost reductions in the face of inflationary pressures and the higher expenses of navigating through COVID interruptions.
However, sentiment toward Alibaba shares remains shaky. All of its gains from the May to July rise have been erased in recent weeks, with the stock now down over 22% since the start of the year. The broad theme for Alibaba stock remains volatility, as positive uptrends supported by signs of easing regulatory crackdowns, an improving COVID situation in China, and government stimulus to shore up the Chinese economy have been shattered in recent weeks by news of heightened concerns about a faltering domestic economy and renewed regulatory concerns. The market's scepticism over Alibaba shares is underscored by the limited gain in pre-market trading following a favourable earnings surprise this morning.
However, sentiment toward Alibaba shares remains shaky. All of its gains from the May to July rise have been erased in recent weeks, with the stock now down over 20% since the start of the year. The broad theme for Alibaba stock remains volatility, as optimistic uptrends bolstered by signs of easing regulatory crackdowns, improved COVID situation in China, and government stimulus to sustain the Chinese economy have been shattered in recent weeks by news of heightened concerns about a faltering domestic economy and renewed regulatory concerns. The market's scepticism over Alibaba shares is underscored by the limited gain in pre-market trading following a favourable earnings surprise this morning.
Although Alibaba's valuation seems reasonable at present levels, given its strong balance sheet and continued dominance in e-commerce and cloud-computing services in China, the stock is nonetheless overshadowed by dangers that are in flux. The instability of Alibaba's comeback over the last year demonstrates that the fundamental dangers to the stock continue to overshadow any advantageous valuation. With all of Alibaba's key underlying concerns continuing in a very volatile condition with no structural signs of change, the stock has practically nothing to stand on its own against the extra challenge of brewing broad-based macro headwinds. Alibaba might fall in the short term as its primary Chinese market and surrounding overseas markets battle with a weakening macroeconomic environment, making it a high-risk investment decision despite what appear to be good pricing compared to rivals in a comparable company.
Risk Factors
The decline in Alibaba shares occurred in late 2020, when rising regulatory worries prompted a valuation adjustment in U.S listed Chinese securities. Since then, the condition has deteriorated as regulatory obstacles began to have an impact on Alibaba's basic performance. Subsequent macroeconomic challenges, like COVID interruptions in China and a deteriorating local and global economy, have only worsened the bad outcomes.
Despite recent optimism emanating from the conclusion of high-profile inquiries, such as the cybersecurity inquiry into DiDi Global (OTCPK:DIDIY) and the announcement of fresh gaming license permits, regulatory concerns remain apparent, and investors' trust is eroding. Markets continued to penalise the stock at the first indication of regulatory shortcomings, as seen by recent drops in response to reports that Alibaba was fined $375,000 in early July for breaking state guidelines on past acquisition disclosures. Its cloud division was being probed for its possible involvement in one of the country's greatest ever data breaches.
Regulatory probing of Alibaba's operations has had additional negative effects on its core performance. Due to growing national security concerns in the public sector, the company's cloud-computing business, Alicloud, is gradually declining in market share to its state-backed counterparts. In China, the unit's market share plummeted from 45.9 percent in 2019 to 36.7 percent in 2021, while state-backed rival Huawei's cloud market share more than quadrupled during the same period. Despite remaining China's top public cloud service provider, Alicloud is no longer the favoured option as the CCP intensifies efforts for data security within government entities. As a result, the Chinese government has eliminated foreign PCs and has accelerated the transition from private clouds like Alicloud to governmental cloud platforms, jeopardizing Alibaba's unified bottom-line performance. This is supported by a slowdown in Alibaba's highly successful cloud business in the first quarter, when sales increased by only 9% year on year, the weakest rate on record.
Alibaba annual report FY22
Chinese stocks are still kept captive by the HFCAA, as the US SEC ramps up efforts to guarantee that all securities on the United States stock market are governed by the same regulations and regulatory procedures, particularly complying with PCAOB audit inspection requirements. Investors' worries about the prospect of the company being delisted have recently returned as Alibaba was recently added to the list of delinquent firms whose auditors have disobeyed PCAOB inspection requirements. This essentially starts a countdown for Alibaba, putting it at risk of delisting from the NYSE if Chinese officials are unable to achieve a settlement with the SEC and PCAOB on giving up the books of its domestic firms for scrutiny.
The global economy's slowdown threatens to undermine Alibaba's recent change in focus to expanding its overseas e-commerce platforms. During the June quarter, Alibaba's foreign commerce retail sector sales fell by 2.7% year on year, while order volumes fell by 4.1% year on year. Rising inflation and restrictive central bank policies in Alibaba's key abroad markets, like the United States and Europe, have resulted in lower consumer discretionary spending, complicating Alibaba's efforts to compensate for domestic commerce slowdown with worldwide growth.
In the long run, we anticipate that the combined business will expand at a moderate five-year CAGR of 5.7 percent, with Alicloud serving as the catalyst. As noted in the preceding study, Beijing's regulatory makeover of the private sector over the last two years has fundamentally altered the exponential growth that Chinese big tech previously enjoyed. we anticipate that any long-term revival in Alibaba's business would be modest. However, given the macro uncertainties in both domestic and international markets, Alibaba's share price could possibly hit $70-75 range
$BABA Is Alibaba Ready To Be Treasured In Our Portfolios?Traders, Speaking to my of my investor friend in the US around a year ago, I predicted alibaba to fall below 100 and that's when we could get a chance to buy back again. Alibaba $BABA Has been consolidating at the current levels for few months under 100 dollars. Now as it has created a very good pattern inside the bollinger band, this can become a speculative buy in our portfolio again. The risk is limited i.e. stop loss will be below last lowest low and the target much higher giving us very good Reward to Risk.
BABA may retest 87 zone if 100 fails; upsides are 110/120/130If BABA fails to hold the psychological 100 yellow zone, the the green 87 zone may be retested due to low volume below 100. Breaking 100 will also mean breaking below the red uptrendline as well as the Ichi Cloud in daily chart.
However if BABA holds 100 & the uptrendline, then we may see upside targets at 110, 120 & even 130. Last July there was a 2-day false BO above 120 resistance before BABA reversed down back inside the downward Fib Channel to retest 100. Breaking ma200 above 120 will be bullish.
Not trading advice
Chinese stocks have incredible surprise for youChina is number one, huh? Are you really afraid of communistic party going mad and destroying everything they've earned with hard work last 20 years?
They already spread covid and use their russian doll to harm West and that will be enough for them to continue going forward and building more trading routes in South America, Africa and Asia. China is here to stay no matter you like it or not, but they are working hard and providing value.
Long your longs before FED change it's policy in September-November and revaluate food and energy weight in CPI indexes or else...
Also most covid noob plebs already out of stonks and crypto and done with investing, rooting in a crisis.
Would you buy the blood and fear here or sell with normies is the question?!
Dollar value is still going down since the day it was born no matter what.
$CHINAH bearish set-up? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar. Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support.
!! This chart analysis is for reference purposes only !!
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#ALIBABA looking structurally bullishReally like the way Alibaba is bottoming here. Not only have we broken the steep downtrend which has held price down for the last year, but we have broken horizontal resistance at $120 while holding above a new daily uptrend line. Today is the first break above the 200dma since Feb 2021, which is another encouraging sign. Should we hold this breakout above $120 on the daily close today, next targets are $130 which was a major weekly pivot bottom from 2018. Further targets sits at 138.50 and then 161.
6/26/22 BABAAlibaba Group Holdings Ltd. ( NYSE:BABA )
Sector: Retail Trade (Internet Retail)
Market Capitalization: $309.183B
Current Price: $117.62
Breakout Price: $120.00
Breakdown Price: $85.00
Buy Zone (Top/Bottom Range): $102.65-$87.00
Sell Zone (Top/Bottom Range): $113.80-$124.95
Price Target: $128.40-$131.70 (1st), $167.50-$171.10 (2nd), $15.70-$14.00 (3rd)
Estimated Duration to Target: 29-31d (1st), 117-124d (2nd), 340-356d (3rd)
Contract of Interest: $BABA 7/15/22 120c, $BABA 10/21/22 130c, $BABA 6/16/23 100p
Trade price as of publish date: $6.47/contract, $11.98/contract, $14.93/contract
BABA: The worst is over?!Alibaba
Short Term - We look to Buy at 101.70 (stop at 87.10)
Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Reverse trend line support comes in at 100.00. Dip buying offers good risk/reward.
Our profit targets will be 139.64 and 150.00
Resistance: 140.00 / 160.00 / 200.00
Support: 100.00 / 90.00 / 60.00
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ALIBABA, a raging bull rearing its horns! BUY now!BABA just broke out of its
long respected descending trendline,
with considerable volume.
Key resistance level to break is 120, breaking above will mean a surge all the way to key resistance at 180
Actions:
1. Buy the retest of trendline @ current price
2. Wait for a break above key resistance @ 120
Targets:
1. 180 (prev key support flipped resistance)
2. 230 (Big key resistance)
Right now BABA is cheaply valued for its massive potential and earnings, definitely a value buy at these current price levels !!
Definitely a stock to hold for the long term, even if you are not intending to trade it
$BABA buy zone 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team wants to start a good-sized position at the buy zone depicted on the chart. We either buy here or not at all.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney