$BABA uptrendBABA 10,20,50 MA curled up. It's holding nicely above 100MA and now has the last test to withhold - 200MA. Chinese stocks will probably lead the way in 2022. They bottomed a while ago.
BABA
BABA Potential for bullish rise | 27th June 2022On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our buy entry at 123,95 in line with the swing high resistance, 78.6% fibonacci retracement and 61.8% fibonacci projection to our take profit at 138.87 where the swing high resistance and 100% fibonacci projection are . Take note of intermediate resistance at 129.53 where the 78.6% fibonacci projection and swing high resistance are. Alternatively, price may drop for stop loss at 109.39 in line with the overlap support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
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
ALIBABA downtrend finally broken Alibaba downtrend finally broken. After 19 months( yes 19 MONTHS) Alibaba finally managed to break that downtrend. Pay attention to yellow line. I expect to test $140 very soon. Good luck
BABA Potential for bullish rise | 23th June 2022On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 103.48 in line with the pullback support to our take profit at 120.88 where the swing high resistance, 61.8% fibonacci projection and 78.6% fibonacci projection are . Alternatively, price may break buy entry and head for stop loss at 94.61 in line with the pullback support,78.6% fibonacci projection and 61.8% fibonacci retracement .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
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
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position.
RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone.
MACD seems to be losing strength but always above the signal line.
Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum.
Stochastic and Bollinger bands seem to confirm previous situation.
We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing.
ENTRY: 107 YELLOW
SL: 100.73 RED
TP: 119.5 GREEN
Alibaba Trade Update, Targeting Weekly HVNIN this update we review the price action in Alibaba and identify the next high probability trading pattern and price objectives to target
$BABA my team is underrated 👁🗨*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*
We've been here before. My team isn't expecting to lose this trade, but if we do it would only put a small dent into the 35% gain that we've already acquired.
Our Entry: $111
Take Profit: $128
Stop Loss: $102
If you want to see more, please like and follow us @SimplyShowMeTheMoney
BABA GapNice gap play opportunity.
Nice and strong support at 108.30 / 107.80 . If we lose that support, there is a change price will accelerate to the downside to fill this gap towards 104.42
#BABA Chart Levels#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103.
#TradeIdeas #Watchlist #TechnicalAnalysis
BABA is going for a solitary run.I am not a fanatic of BABA and to be honest, I was waiting for it for around 60$, but this last next week BABA has shown strength in one of the worst times ever for the markets when usually this stock down performs always NDX.
This last week BABA broke the channel that it has been into since historical maximums.
Not only that, but the price was minting and has broken decisively above, backtesting the level and losing just 0.3 percent as the NDX plummeted 3% when it would have ordinarily fallen 9 or 10%.
It has not only broken the channel but is also above an important level with a volume below it, indicating that we might consider purchasing (for a stretch, not in the long term).
It's too early to predict what will happen to BABA, but since China is pouring money into its market as if it were free, it's likely that BABA draws something like shown in the chart.
A stock that has gone poorly in the last year is showing now a lot of divergences. If the scenery is correct (let's see that the price does this next week in order to validate it) It may be a 50% change from the present price, which is significant.
$BABA - [High Risk] Long Entry Setup [Weekly]$BABA's technical strength is improving in the weekly chart. Some of the key things to look at:
Improving relative strength to SPX. It started falling in-line with SPX several weeks back (horizonal RS line) and has been outperforming SPX in the 70 trading sessions (upward slope RS line).
Breaking out of a descending parallel channel.
Breaking its weekly 30 EMA down-trending EMA.
Strong accumulation volume seen on weekly charts around the $80-90 price area.
Relative strength of the Chinese Tech Index. (Not shown in the charts).
All of these factors coupled with macro indicators like China reporting the lowest inflation figures, and loosening of crackdown on Chinese tech by the Government make for a LONG entry case for $BABA.
BABA Potential for bullish momentum | 10th June 2022On the H4, with prices moving above the ichimoku indicator and price breakout from descending trendline, we have a bullish bias that price will rise from our buy entry at 108.94 where the horizontal pullback support is to our take profit at 128.03 in line with the swing high resistance, 100% fibonacci projection and 78.6% fibonacci retracement. Alternatively, price may break entry structure and head for stop loss at 101.38 where the horizontal pullback support and 50% fibonacci retracement are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Alibaba lift off !! Alibaba
Short Term - We look to Buy at 102.52 (stop at 92.78)
Dip buying offers good risk/reward. Trading volume is increasing. Previous support located at 100.00. Trading close to the psychological 100.00 level.
Our profit targets will be 138.58 and 164.00
Resistance: 120.00 / 138.50 / 180.00
Support: 100.00 / 83.00 / 73.51
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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Baba trading ideaLooks like Baba broke the long term downtrend line yesterday. Here is my simple trading idea base on simple indicatiors (Moving average (MA) + Support/resistance level + William %R).
This is applicable if you are a long term investor, looking to average down your holding.
Potential buy = Near support + Wiliam %R below -80% (+ BONUS if touches any MA; 20,50,150,200)
Potential sell = Near resistance + William %R above - 20% (+ BONUS if touches all time high)
$BABA out with a 35% gain! 👁🗨*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*
Recap: On 5/19/22 my team purchased shares of Chinese online and mobile commerce company Alibaba $BABA at $88 per share.
Our initial take profit was $118. We sold 1/2 at $117 and the rest several minutes ago at $121 which brings our take profit average to $119 for a 35% gain!
Congrats to those of you who took this trade! We sold out but our overall consensus for $BABA remains bullish! Good luck to longs!
Our Entry: $88
Take Profit Average (HIT): $119
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$BABA china fights to boost economic growth 👁🗨*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*
Today my team purchased shares of Chinese online and mobile commerce company Alibaba $BABA at $88 per share. Our take profit is $118, which is a 34% increase from current levels.
The Chinese economy is desperately in need of a boost. A cut on lending rates is expected to be announced tomorrow. This will boost credit demand and take some weight off of the economic slowdown due to COVID-19 interference.
Good luck to all!
Our Entry: $88
Take Profit: $118
If you want to see more, please like and follow us @SimplyShowMeTheMoney
BABA weekly breakoutNYSE:BABA
Here we see BABA with a breakout of the weekly supply line that has been holding this stock down for so long
could this signal a reversal for china stocks?
either way this ticker has been at a low risk area for a while now and it looks like it is gaining some momentum despite the current market conditions.
let me k now what you guys think in the comments ! thank you everyone!
happy trading !
Covered call on BABASelling a call $25 higher than stock price now. This covered call will have two market closing days baked in AND it's above the 200 sma, less than 6 weeks of time AND I get paid more than 1%. Buy low, sell high.
BABA Pivotal Trend Channel TestIn this update we review the recent price action in Alibaba and identify the next high probability trading opportunity and price objectives to target
$BABA ~ Beautiful wave structures...As shown, beautiful EW structures. Although not a fan of ADRs, would invest to fair market value as shown.
