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
BABA
$BABA short idea Alibaba $BABA is a Chinese E-commerce platform that flourished during COVID but is now struggling due to currency exchange, supply chain, and lockdowns in China.
Bearish technicals show a bear flag with price right at the breakdown levels here. Downside levels are 94, 92, 89, 84. Stop loss 105.
OptionsSwing Analyst
Daniel Betancourt
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.
KWEB: UNIQUE LONG TERM OPPORTUNITY?KWEB, Chinese internet ETF
Chinese techs have been in a bear market since February 2021, with the price of KWEB unable to break above the long trend line (in blue).
Kweb has found a bottom in March 2022.
Is Kweb bullish? Is it the end of the bear market for Chinese tech stocks?
Here is everything you need to know before making a decision:
- Currently the price is trying to create a bottoming base as we have seen higher lows (light black line) since March and the bearish trend line (blue) was broken.
- I see an ascending triangle with the top horizontal line of the triangle at 32.71. We tried to break this line 3 times but failed to maintain above. A sustainable break above 32.71 would be considered as bullish.
- We could backtest the rising black line of the ascending triangle before starting a bullish trend, but not sure.
- Mind the small gap around 28 that could also be filled.
- We're above the ichimoku cloud, which shows that the trend is changing. The lagging span (in green) still have to confirm the change of trend by crossing the bearish blue trend line.
- China in quantitative easing mode as western economies are tightening.
I'm long KWEB with a long term view. My buying zone is between 30 and 27.74 with a stop at 26.40 .
Trade safe.
$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.
WATCH $BABABullish
Fundamental
- Inflation Macro environment / fear sentiment
- Funds Accumulation
- Positive PE
- Negative PEG ( seems leaning towards a value stock )
- Positive P/FCF
- Weak Sector / Industry / not Leader
- Very competitive online retail market
Technical
- Momentum Theory Indicator - break out downtrend / bottomed out
- Price action formation ( falling wedge )
- Broke out downward trend line and retest
- Price above POC
- Price below major S/R level
- Huge volume spike!
- MACD divergence
Entry idea
- Entry idea was based on few confluences
- Price above major S/R level
- Price above fibo level
- Price above 200 MA
Stop loss set on previous low or POC level
" STEPS BY STEPS, BASE CAMP TO BASE CAMP. I WILL SUMMIT"
Cheers and happy trading!
BABA Potential for bullish momentum | 1st July 2022On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 120.88 where the swing high resistance and 78.6% fibonacci retracement are. Once there is upside confirmation, we would expect bullish momentum to carry price to take profit at 139.07 in line with overlap resistance and 100% fibonacci projection. Alternatively, price could drop to stop loss at 104.01 where the pullback support, 38.2% fibonacci retracement and 78.6% fibonacci projection 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.
BABA respecting the diagonal trendlineSo far BABA is respecting the diagonal trendline and we've expected this retest. The short and midterm MA's are still in uptrend. BABA is approaching 200 MA, which will be crucial to break and continue higher. We'll most likely retest around there again. Fingers crossed. LT investors deserve some relief in this stock.
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
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