BABA
$BABA - Weekly TF analysisAli Baba holdings looks to be at historic levels...it has completed a 5 wave move from 2015 to 2020 and has now retraced 61.8% of that move in a 5 wave impulsive move down.
This is a great place to add some Chinese e-commerce exposure for the long term with weekly RSI having been oversold in sept and now forming a higher high as price formed a lower low.
With a a low to trade against, the R:R here is fantastic, with downside risk at 108.70 and upside targets is 175 and 240.
Alibaba signaling a reversal?BABA has spent the last year in a bear market. It's down about 60% from it's highs. Based on the charts, the sellers look exhausted and most of the downward momentum has been spent. There's bullish divergence on the daily and 4hr charts. It may take a couple months for bullish momentum to return in force, but it looks like we are at, or near the floor. I'm anticipating short-term bullishness followed by perhaps one more low, and then solid growth.
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📌🦤🦤 Update: $PDD Weekly$PDD is one of (if not) my favorite charts and companies for 2022. Growth in digital commerce/advertising, unique product and deep discount given China turmoil. Weekly bullish divergence ...
Jan ‘23 $100C 💡
$BABA $KWEB $ASHR $SPY $QQQ #Pinduoduo #China #Stocks #Options #Trading
BABA, 4 Hrs, Bat Harmonic PatternMYX:BAT , 4 Hours
BABA, 4 Hrs, Bat Harmonic Pattern
Buy @ 111.43 - 108.82
Sell @ T1: 117.11 , T2: 122.12
Stop Loss @ 106.08
Please. Read the disclaimer, and do your own diligence.
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DISCLAIMER:
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
Alibaba Analysis 04.01.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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BABA 2022 LongT1 is ~123 first level, but has potential to reach T2 around 131 - 132 before the end of January.
The ADRs are more about 'what is happening with China regulation' more than anything else. HOWEVER, BABA has one of the best abilities long-term in my opinion. The earnings have been great and their ability to evolve will surely happen -- just as it has with Amazon (AMZN). The big difference is BABA will have the capability to change the landscape by becoming competitive with Apple (AAPL) through chip manufacturing and potentially acquiring companies that compliment companies here in the U.S., who are dependent on specific technologies.
BABA - Alibaba Group Holding LtdBullish - Will require patience like my other trades.
( NYSE:BB NASDAQ:TLRY )
Previous Close 165.24
Open 159.99
Bid 159.56 x 800
Ask 159.57 x 800
Day's Range 158.56 - 161.74
52 Week Range 152.80 - 319.32
Volume 30,294,580
Avg. Volume 20,830,984
Market Cap 436.158B
Beta (5Y Monthly) 0.81
PE Ratio (TTM) 19.25
EPS (TTM) 8.28
Earnings Date Nov 03, 2021 - Nov 08, 2021
1y Target Est 1,788.37
NYSE:BABA
CAPITALCOM:BABA
BCBA:BABA
SIX:BABA
MOEX:BABA-RM
SWB:AHLA
CAPITALCOM:9988
BCBA:BABA
OTC:BABAF
FTX:BABAUSD
MYX:ALIBABA-C3
SWB:2RR
BITTREX:BABAUSD
Baba everyone has a say and me tooRepeating myself
Monthly fib in red, weekly in Blue and short term in Pink
Now let's see where we are, We have gone below 78.6% monthly fib level and ideally I was not expecting that but because it has not closed below 78.2% weekly basis, can we consider 108 as low for now? If yes then what is next level weekly? around 160, that's a big range from 122 but not impossible. Just to be clear I believe eventually it will go below 100 unfortunately but at least not now. Agree or disagree???
Alibaba Analysis 21.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
BABAWith monthly - weekly - daily momentum all in oversold territory, BABA is currently sitting just above a crucial support on the weekly chart.
I will be expecting a bounce and spending some time in the highlighted area for a while..
I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are finding the bottom finally to neutralize the trend.
Peace..
BABA - POSSIBLE TRADEHello there,
As you can see in the chart BABA is holding the 0.786 FIB level and bouncing from there, also we have a bullish RSI divergence confirming our entry.
We will enter our trade in this level with a SL in the yellow line.
Our target: sky is the limit, you can chose your own percentage.
Cheers.
BABA'S Correction is "Probably" over IF your count is WXY !Double and Triple ZigZag Rules:
Double (DZ) and Triple (TZ) Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining Wave called an x Wave, and are corrective in nature. Doubles are not common, and Triples are rare. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or 'Sharp' patterns. Double Zigzags are labeled w-x-y, while Triple Zigzags are labeled w-x-y-xx-z. Both these patterns are included in the list of rules and guidelines below. Only a Double Zigzag is illustrated below.
Wave W must be a Zigzag.
Wave C of W cannot be a failure.
Wave X can be any corrective pattern except an ET.
Wave X must be smaller than Wave W by price.
Wave X must retrace at least 20% of W by price.
The gross price movement of Wave X must be less then 3 times the price movement of Wave W.
Wave X must be no more than 5 times Wave W by time.
Wave Y must be a Zigzag
Wave Y must be greater than or equal to Wave X by price.
Back to back and double failures are not allowed.
Wave Y must be greater than 90% of Wave W by price, and Wave Y must be less than 5 times Wave W by price.
Wave Y must be no more than a factor of 5 times either Wave X or W in price or time.
Wave C of Y cannot be a failure.
Wave XX can be any corrective pattern except an ET.
Wave XX must be smaller than Wave Y by price.
Wave XX must retrace at least 20% of Y.
The gross price movement of Wave XX must be less than 3 times the gross movement of Wave W.
Wave Z must be a Zigzag
Wave Z must be greater than or equal to Wave XX by price.
Wave Z must be less than 5 times Wave Y by price, and must also be less than 5 times Wave W by price.
Wave Z must be no more than a 5 times either Waves XX, Y, X or W in both price and time.
Double and Triple ZigZag Guidelines:
The largest Wave in Wave W is usually less than Wave W by price.
Wave X is usually a Zigzag family pattern.
Wave X is usually less than 70% of Wave W by price.
Wave X will usually retrace at least 30% of Wave W.
Wave X is most likely to be a 38.2% retracement of Wave W.
Wave X is next most likely to be a 50% retracement of Wave W.
Wave X is next most likely to be a 61.8% retracement of Wave W.
The largest Wave in Wave X is usually less than 140% of Wave W by price.
The time taken by Wave X is usually between 61.8% and 161.8% of Wave 1.
Wave Y is next most likely to be equal to 61.8% or 161.8% of W by price.
Expect the time taken by Wave Y to be between 61.8% of Wave W and 161.8% of shortest of Wave W and X.
Wave XX is usually a Zigzag family pattern.
Wave XX is usually less than 70% of Wave Y by price.
Wave XX will usually retrace at least 30% of Wave Y.
Wave XX is most likely to be a 38.2% retracement of Wave Y.
Wave XX is next most likely to be a 50% retracement of Wave Y.
Wave XX is next most likely to be a 61.8% retracement of Wave Y.
The largest Wave within Wave XX is usually less than 140% of Wave Y by price.
Wave Z is most likely to be about equal to Wave Y by price.
Wave Z is next most likely to be about equal to 61.8% or 161.8% of Wave Y.
The largest Wave in Wave Z is usually less than Wave Y by price.
$BABA | 12/13-12/17 | Watchlist #5 $BABA +126
(Over $126 for calls)
Technical analysis: Bull flag breakout
News catalyst: "Alibaba Group Holding Limited (NYSE:BABA) hosts a two-day virtual Investor Day event with senior management scheduled to give talks. BABA has traded with extra volatility the day of and day after prior investor days."