BABA correcting to 92 before continuing the bull runWave (i) completed and correcting in (ii) to reach 92 before the continuation of the bull run
Note the divergence as a wave v is reached every time
BABA
BABA Long OpportunityFundamentals:
From Feb. 2016 to Nov. 2020, BABA increased over 400%. The e-commerce giant Alibaba increasingly grew until it was hindered by changing regulations and laws. Primarily Beijing’s anti-monopoly regulations and the Holding Foreign Companies Accountable Act (HFCAA).
On November 11th, 2020: Beijing announced anti-monopoly regulations, sparking a sell off due to concerns of hindered future performance
The Holding Foreign Companies Accountable Act (HFCAA) requires certain companies establish that they are not owned or controlled by the Chinese government. A company must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the company retained a foreign public accounting firm not subject to inspection by the board. If the board is unable to inspect the public accounting firm for three consecutive years, the corporation’s securities are banned from trading on a national exchange.
On May 20, 2020, HFCAA passed the United States Senate, passed the House on December 2nd, 2020 and finally signed into law on December 18th, 2020.
However, investors can now breathe a sigh of relief as Chinese authorities have stated they are working on ways to give U.S. regulators full access to audit reports of more than 200 companies listed in the U.S. Q2 2022. Leading to the rebound we see today.
Technicals:
Price has bounced off the December 2016 support on March 7th coinciding with BB/ADP oversold conditions
1D: Price is consolidating under resistance so further upside is expected
3D: Positive MACD as of March 22nd
3D: Bearish Divergences RSI, Stoch, CCI, ADP
1W Bearish Divergences: RSI, OBV, VWMACD, CMF, MFI, ADP
1W MACD flipped positive March 14th & PSAR Flipped positive on March 28th, 2022
1W Bullish engulfing candle indicating a reversal from the downtrend
1M Bullish Harami candle formed with large buy volume
I’m anticipating further upside to the .618 Fib at $190
👽 ALIBABA. ACCUMULATION HAS BEGUN. NOT SO FAST!Hello everyone. Today Lets take a look at Alibaba 1W Chart. What do we see?
1. First of all, currently we are in descending channel , there is no rally that changes the behaviour (from bearish to bullish ) yet. Thats a fact.
2. Recently we saw good 1w bar with big massive spread and climactic volume . What does it mean? This might be a zone where Composite Operators will be accumulating the stock. Also that doesnt mean that we will see bigger prices immiediately because of climactic action and lack of deep tests of this bar - points of fear (a lot of weak hands heared on news, from different public traders that "we have found bottom, lets buy that!")
3. Currently we are waiting for some tests of this bar. No one can tell you where we will found 100% stopping action and support of next accumulation (at which level), we just might predict that. So our first interesting zone to stop downmove is 104-105$ (0.382 fibonacci zone), second is 99-100% (0.5 fibonacci zone), third is 94-95 (0.618 zone). But we should pay more attention to lower timeframes in order to claim the end of local bearish reaction (1d, 4h timeframes). If we see shortening of thrust on 1d chart, lack of supply, big demand tales and good bullish bar with big spread on low demand volume (not climactic) after those this is a right time to try long! and start accumulating with CO in potential phase B. But accumulation might be very long! So you must not be aggessive and divide your pose into parts and have multiple POE to reduce your risk.
Thank you for reading, write your thoughts down in comment section below.
ALIBABA : WATCHafter reaching the support level below , the price bounced back upwards with a strong momentum, but in the last couple of days that perfomance slowd down and a warning appeard in a previous candle .
best move is to wait and hold the position if you're a buyer untill a red candle appears , if not wait until the price reaches the resistance level and see if itll break it or not .
Alibaba Long term AnalysisWe can see a pretty hurt #BABA stock due to all fear in the markets with China and the war, for long-term traders, this could represent a good opportunity. I try to make the chart as clear as possible, remember that this is for long-term trades, right now there´s a lot of volatility in the markets. With that scope in mind and because of volatility, the SL is extended to -34%, so manage your entry position size well. In their fundamentals, BABA is undervalued.
Remembering that resistance areas become support areas when the chart moves positive, I recommend moving your SL with these new support levels and managing your exits as comfortably as you need them to be.
$BABA on 1hr Potential Pullback with another gapfill - downside $BABA 1hr updated Pullback
What are your thoughts?
Thanks
Kelly :)
$BABA 1H GapFill to the downside$BABA 1H GapFill to the downside
Potential to hit 95.80 again. See my second zone area as well for reference that gave my resolve.
What are your thoughts?
Thanks,
Kelly
$BABA looking for potential retracementBaba just bounced off all time low as all other China based tech companies did and most tech stocks did. Looking for it to pass the 50EMA, and then the 70EMA. If it does, it might test the 100EMA again. $Baba has not been able to close above the 100EMA since it started it downtrend from Oct 2021 last year. Let's see if that stays true once more. Potential for a short here.
BABA watcha strong green canddle with a decent might result in the end of the down trend and a begining of a new up trend . no purchace untill the upper resistance level is broken
BABA looking to drop again. BABAWe have already had two successful and juicy shorts out of this collapsing company. Thank you, Jack Ma. And again, not looking confident at all for a reversal of any kind on AliBaba in the near and foreseeable future. Even if this is a potentially viable company, the stock price is rarely ever tied to this. Examples are ample in today's market.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
$BABA Analysis, Key Levels and targets… $BABA Analysis, Key Levels and targets…
at 57.20... I'm all in... 💃🏻( 1%)
BABA - Iron Condor Time!!!-Nice Sideways movements on BABA been captured these past couple weeks.
-Amazing profits been made on Condors, this is our suggested price range for another position.
-In overall we are pretty bearish on Chinese companies due to rising Covid cases and Continuous governmental regulations and crackdowns. But short-term, bullishness is to be expected as U.S market rebounds
BABA searching for longs we can see BABA bottomed. We can see highest volume since 2015 listing with huge reversal candle. I personally looking for longs
ALIBABA - Long PositionAlibaba (BABA) China-based stocks listed in the U.S. are staging strong rallies in premarket trading, helped by state media reports that the Chinese government will take steps to support the markets and the economy, and that the U.S. and China are progressing toward an agreement on regulatory requirements for those companies. Alibaba up 19.2%
Alibaba group holdings - BuyAfter the big fall since October 2020, the stock could have found a bottom at 73.17, as evidenced by the island reversal candlestick pattern, that was confirmed by an increase in volume with the second gap. Go long with a stop below the 73.17 low for a rebound towards at least 130.00/140.00
BABA Price TargetThe Price Target for BABA Alibaba is $135.
All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth!
Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Alibaba (NYSE: $BABA) Begins Reversal Of Downtrend! ◀️Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; and Tmall Global and Kaola, which are import e-commerce platforms. It also operates Lingshoutong that connects FMCG manufacturers and their distributors to small retailers; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, the company offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, it provides elastic computing, database, storage, virtualization network, large-scale computing, security, management and application, big data analytics, machine learning platform, and Internet of Things services. Additionally, the company operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency app; and Tmall Genie, an AI-enabled smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.
Alibaba Weekly Elliot Waves AnalysisBABA is currently in Wave 5. I believe BABA Wave 5 will be an ABC correction. With that being said, I expect a relief pump (wave B) to happen which will last for 1-2 weeks before we continue dumping. I have buy orders set for $85/$86 and at worse, $58. $100 support looks weak based on the lower Fibonacci targets. Be diligent with this one!
(Side Note: Wave 1 was also an ABC correction which is why the last wave will be similar to the first.)
You can learn more about this analysis by researching ABC corrections and Zigzags. Thank you!
640 Billion Dollar turned into ashes..!The collapse of BABA is twice as big as Evergrande's 300 Billion dollars debt crisis..!
I believe no one could imagine BABA at 73 dollars a share, but it happened!
Recommendation at these prices is really hard..!
If you hold these could be the risks:
- Chinese stock delist from US market
- Further decline to 58 or lower
So adding to your position when all the gains in the past years washed out 3 times faster does not make sense either..!
BABA's Downtrend is one of the strongest I have ever seen among Ultra big Caps..!
