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Alibaba: Potential Correction before a Breakout 1D (Apr. 27)X FORCE GLOBAL ANALYSIS: Alibaba has shown a strong recovery after having locally bottomed due to the Corona Virus (Covid-19). Despite being a Chinese company, the e-commerce giant has not been as severely affected by the gravity of the situation. In this analysis, we take a look at Alibaba's (BABA) technicals and fundamentals to determine the most probable scenario. Technical analysis - We have been rejected by the descending trend line resistance marked in the dotted blue line - The Relative Strength Index (RSI) shows a downtrend, with the formation of lower highs - The Moving Average Convergence Divergence (MACD) shows decreasing bullish histograms, and a potential death cross - We are seeing a temporary trend reversal to potentially fill the gaps below Fundamental analysis - The Corona Virus has impacted the company as fewer people were able to produce and deliver to their customers - While supply issues have been handled now, there are now questions about how consumer demand for e-commerce products is holding up amid a period of global economic uncertainty and continued unease about germ spread - Despite the confusion caused by the Corona Virus (COVID-19), Alibaba continues to invest aggressively into Alibaba Cloud - As governments aggressively digitize services, cloud demand will be stimulated, and it's likely that Alibaba will be one of the beneficiaries What We Believe We believe that Alibaba is a strong company to hold for the long term. Alibaba shows strong fundamentals, and aggressive investments for the future that appear prudent. However, technical analysis demonstrates that we could be seeing a small correction for the immediate term. Trade Safe.
NYSE:BABA
by XForceGlobal
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. Do you like this analysis? Kindly like, comment and follow. Thank you.
NYSE:BABAShort
by Veejahbee
1
Stock of the Week: Alibaba Group (BABA)Local breakout after bullish behavior suggest further advance Wyckoff Story Upsloping price structure of HHs and HLs and decreasing supply signature from Phase A to D suggest accumulation. Breakout in Phase D out of the local Last Point of Support (LPS) suggests a possible breakout above $210 and a Major Sign of Strength to come. Relative strength is improving. Trading Target: $148 count line + (21 boxes * 3 reversal * $2 box size) =$274 Pattern Confirmation: Breakout above $210 Pattern Failure: Close below $165 Happy Trading, Roman
NYSE:BABALong
by Wyckoff_Analytics
1
Alibaba Buy Opportunity Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit. You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal. If this has a End Of Day close below the 200EMA and break that candlestick, I would come out early. For the moment Target is 184 to 189 Stops - 159 or close below 200EMA
NYSE:BABALong
by sk_investments
3
ALIBABA.....TURNING AROUND?As you can see Alibaba moved up on Wednesday just before the support at $164.20. Mainly because of the news that Alibaba launched an Amazon Prime-like concept called 88VIP. The day before that it was announced that Kroger would partner up with Alibaba to sell their products in China. Such partnership wouldn't be only good for Kroger it would possibly generate more traffic for Alibaba which could result in more revenue in other departments of the E-commerce company. Most eyes will be focused on the 23rd when the earnings release is due. With the last 4 reports beating estimates I'm fairly confident this one is no exception. In my opinion Alibaba is set to return to it's previous high's with the "oversold" 10-day RSI in the back of my mind and the recent positive developments on the fundamental side. First target is set at around $192.30 the second target would be close to $200. I will follow up if the targets get hit or when it breaks support. P.S. I'm not telling you what to do always cross-reference with your own analysis. I'm not responsible for your loss.
NYSE:BABA
by HungrywolfNL
BABA: Buy Signal: Let me know what you all think? Hi All, It's all in the chart. I do not forsee BABA retracing back to 183, but who actually knows. Always keep in mindThey could always be black SwanEvent BABA looks to be on the uptrend. Buy Signal (5-07): Going Long. Up Trend: Impulse. Down Trend: Correction. All wave Patterns are impulse or correction. Sideway: Except for moving horizontally. Retracement: Price hit Support, Reversal Period, Stop Loss: 60/40 Split. Resistance: Price Falls below Previous Support Level . Only trade when you see repeated price pattern. Limit to roughly 15-20 trades per month 2/1. Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100 Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me for future charts, like this post if it was helpful, and thank you all. Happy trading People...
NYSE:BABALong
by letsgetit
4
Alibaba drowning in bullish patternsBABA broke out yesterday of a big bullish pennant. Ater the breakout it formed another pennant on a small time frame. I entered some calls after the bullish breakout (didn't have time to update). Sold 4/5 of my calls on the way up and holding the rest for a breakout of the forming bullflag. Only trade after a breakout or, if you want to play it aggressively, on support. Keep the NDX in mind. It's still trading in an upward channel but after a bearish breakout it can lower the whole market, including BABA. The general conclusion remains bullish with caution.
NYSE:BABALong
by Barteljaap
2
THE FUNDAMENTAL LONG PICTURE FOR ALIBABA (BABA)China’s economy is growing at a 6-7% annual rate and is on track to pass the United States as the largest economy in the world within the next decade or two. China’s middle class is made up of 1.3 billion individuals and those individuals are beginning to shop online a lot! In this scenario it only makes sense to own stock in the most dominant Chinese e-commerce company, Alibaba. You have probably heard of Alibaba referred to as the Amazon (AMZN) of China. The similarities between Alibaba and Amazon don’t stop at online retail. Alibaba, like Amazon, also has a dominant and rapidly growing cloud computing business. In Q4, 2017 its cloud business grew by 104% YoY. Aside from its already impressive e-commerce and cloud computing businesses, Alibaba also owns a portion of a rapidly growing fintech company called Ant Financial. We think Alibaba is well positioned for the next decade! The e-commerce, cloud computing, and the mobile payment industries should continue to see plenty of growth! Alibaba’s stock is currently trading at forward-PE of 26. Analysts have forecasted a 5-year EPS growth rate of 29%, assigning Alibaba a PEG of 0.9. Subscribe to our newsletter at robinhoodstrategy.com
NYSE:BABALong
by doolan.wesley