$PBTS squeeze inbound$PBTS squeeze inbound again, short interest stacked up and volumes on the bids + crypto
Up and Chinese stocks :)
BABA
BABA : End of bearish or just correction ?The trend in daily is still bearish, the last correction give us a hope to end this trend.
However we need to break some resistances (164.79 and 178) and wait for the signals that ichimoku components can give us.
For the moment is just correction, wait for more signals next days..
$FB $SQ $BA $BABA I OptionsSwing WatchlistFB 2H I Watching FB for a breakout from this downtrend. Its trading nearly 15% down from ATH levels, after beating last ER. Reports on earnings on 10/25 AMC.
SQ 4H I SQ dipped last week to later recover and hit our pt at $250. The SQ $245c 10/08 calls we highlighted went from $2.87 to $7.35! Expecting a pullback to $230 now.
BA 1D I Expecting BA to break the $230 level and head to $250 before earnings on 10/27. Bullish activity has been betting on a breakout from this downtrend.
BABA 1D I BABA is finally bouncing and running up into earnings on 11/04. Its up 12% from our entry last week and we expect BABA to hit $175 before earnings.
Broken Correlation Amazon/Alibaba, only an Evergrande thing?Alibaba is off the road...
looks like total crash, like Bayer after the Monsanto deal...
But Alibaba got no endless billion dollar legal proceedings!
Alibaba got a protected billionen chinese market plus a growing part of the world....
The problems with the allmighty Xi Jingping dont making so much noise...
The user data part is under political control, so the ecommerece part can go on
First thing I'm thinking about is the chinese real estate crisis.
But the correlation between Amazon and Alibaba disconnected in june... in My mind the Evergrande thing came to late.
Please let me hear your opinion... Im totaly new to this game. Its so amazing! :-D
Going Long, Its a temporary thing... Ali ist lower then march '20 and the world wont stop because of Evergrande or so...
Do we Really still need a Degree to earn a Living ?Yesterday, the 2nd day of CNY and we were celebrating with our friends here in SG. Around evening, we ordered food online but they failed to deliver the food to my friend's place. We contacted the HQ and they said after trying to reach the driver several times, they had no choice but to refund us the money.
But the app said food has been picked up and DELIVERED but the latter was not true else we would not need to go out to buy food from a nearby mall. Anyway, I asked my friend and he explained this had happened a few times. Because these drivers earn by per trip so the more trips they made a day, the more they earned.
Probably, the driver misjudged the distance and took my friend's order and decided not to deliver the food. We don't know but we hope he is fine.
On my way home, I thought hard about this industry and can't help feeling amazed how a food delivery business can change the lives of so many people globally, especially in China. Read this article here .
When you can make an average income of 7000 RMB per month if you really put in the long hours. Who will need a degree these days ? And with technology affecting so many parts of our lives, who is to say what trend will we be seeing in 3-5 years time let alone 10 years ?
BABA - HUGE OPTIONS PLAY - FALLING WEDGE + CHANNELAll,
BABA is PRIMED here. Just a question of has it hit bottom. I would wait for break or daily candles conformation personally, but then i'd be all in here. This should break the falling wedge and hit the top of the downtrend channel. Huge plays here. This should take more of your attention than any small cap etc stocks. Make sure to set many alerts on this. Telling you this is worth big returns could see 180-200 by end of 2021. Especially holidays nearing etc.
We will wait before taking action on Chinese Stocks. Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio?
Of course, we will look at the answer from a technical perspective, and this is the conclusion we make:
a) We must see contact with the support level first (Is there buying pressure?)
b) If we see bullish pressure, that is the first sign those big investors may be adding again.
c) Ok, that's the first filter; the second filter is the breakout of the descending trendline. That would mean a change in behavior or sentiment. Now the price can stabilize and avoid the previous decreasing angle in price.
d) Cool, can I buy it now? You can buy whenever you want; however, we will not do that; we want to see our 3rd filter. Corrective Pattern after the contact on the support level + breakout of the descending trendline. It's pretty standard after we observer a breakout of a key level (in this case, the descending trendline), a lot of FOMO comes to the market. "Chinese Stocks are booming! I will not miss this..." And most of the time, those traders or investors get trapped on a correction.
e) So if all the previous filters happen, we will develop long setups on BABA.
f) Patience is key when looking for quality setups; you can't ask the market for opportunities; you need to wait until the market provides one.
Thanks for reading!
$AAPL $SQ $TSLA $BABA I OptionsSwing WatchlistAAPL 1D I Watching AAPL for a breakout from this downtrend on the hourly. Expecting a breakout and run up into earnings days before reporting on 10/28.
SQ 4H I Possible bullflag on SQ expecting a bounce above $230 to possibly test $250+. Last Friday bullish activity on SQ $245c 10/08 @ $2.87 was picked up.
TSLA 4H I Watching TSLA for a break above $800 or a bounce above $760. Tesla delivery numbers that came in last week were higher than expected.
BABA 1D I BABA is down 50% from ATH levels reached back on 2020. We have a bullish divergence on the RSI, and will most likely see an ER run up from here.
BABAUSD BABA -Short term bounce on BABA and its token coin(s) !!Different traders have different styles. I tend to like the thrill of catching massive bounces just for the thrill. Is it gambling or calculated risks? The trick is to look at different timeframes. We know with this year long crash, the cat will at least bounce. Maybe not too high, but at least a little.
BABA is interesting because it's truly a multinational stock. Imagine which company could "buy" Binance? ;-) They are both owned by the same entity and it's not Wall Street.... If you don't know who Binance is, you will. It's the amazon of Crypto. Let's get back to Just Charts!
The daily shows a buy zone in the $129-144 so. These intersections should provide a fairly solid bounce platform. With the US just printing trillions every 6 months, BABA and all equities will see a sharp upswing as fraudulent fiat currency debasement continues with no end possible except a solid reserve currency that cannot be manipulated.
BABA is available as a token, "coin" on (as of today, it's a disaster waiting to happen):
Uniswap under ticker MBABAUST but one needs to trust the backing. By default assume, it's Bittrex Tehter USDT which is pure crypto toxic. Stay away from that junk. That will cause the next market crash, the takedown of USDT...
And German based and regulated FTX under BABA. There's not a lot of BABA as an FTX based token! The current CoinMarketCap ranking is 5041 These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired or sold unless CM or any of the complex DeFi bits in between blow up.
What are these tokenized stocks? Equities are stocks that trade on traditional regulated exchanges. FTX lists tokens on select equities. These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired. FTX is a closed exchange since you have to become a customer of CM-Equity. They aren't listed on leading crypto exchanges like Coinbase, Binance, Gemini, Kraken etc
It will be nice when cypto leaves the "wild west" and these large multination issue their own tokens backed by their own stocks and under their custody. Leave out all the banksters middlemen!
BABA Loses half its value in a year. $128-$140 oversold?Like they say, don't try to catch a falling knife. Maybe, if I comply with the antiquated US Markets, I'll buy some of these NYSE ADR but Alibaba needs to issue a direct coin instead so we can buy they shares that way. DeFi it now. Why trust the banksters on Wall Street for "custody" of a Chinese company? That's not really safe... Technology made the banksters obsolete. LOL
DAY/SWING TRADE BABATHIS IS NOT A FINANCIAL ADVISE.
TRADING IS ALWAYS RISKY. THIS IS DAY/SWING PLAY FOR OPTIONS.
PT IS $149.50. GET OUT THERE DONT WAIT.
I know a lot of people will not understand the analysis. But this is my analysis of BABA. Hope this will help you. I DON'T USE ANY INDICATOR OTHER THAN VOL.
ALWAYS PLAY IN THE MONEY.
52-Weeks Low Made for #BABA#BABA has been trading under Bear Pressure for so many months and weeks and this week it has made a new 52-Weeks Low which is a strong Sell as per Technical Analysis. As it is visible on charts, our Fast Moving Momentum indicating further weakness and a possibility of making another Low from here. As it is trading near its support level, this may get some buying interest and may bounce from here for a shorter period of time or this may fall further from here without a dead cat bounce from here.
In both situations, Sell either when the current Low is broken or it rises upto 170-180 and short between this range with SL as 180.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.