BABA
$BABA$BABA is simply being sold for one reason right now, fear that the Chinese Communist Party (CCP) policies will do "something".
That "something" ranges from nationalizing large companies in China to banning profits and foreign investment to the more standard communist practices of wealth redistribution and an inefficient government bureaucracy amongst widespread corruption.
But if we’re looking at $BABA as a company it’s undervalued.
If price is able to find support around my boxed level it would give a good long term hold.
Oversold on all major timeframes.
- Factor Four
Alibaba Analysis 20.08.2021Hello 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 days/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.
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Alibaba (BABA) | Technically Inside a Long-term Buying Area.Hi,
Technically I can give a confirmation but fundamental research is your own thing. I recommend doing it because there might have a few issues. Yes, few not one, so think carefully and act if you have green lights from both analyses.
Regards,
Vaido
The worst is over for Chinese stocks BABAIf you are a long term investor I hope you used the panic to top up your holdings. If you are a momentum trader you still have the opportunity to ride the bounce or accumulate your position a bit later. Possible scenario for BABA but all names have something similar is as follows.
I treat that panic as an exhaustion and behavioural pattern confirms that so I consider the worst is over.
Personally, I played that dangerously catching falling knives and loosing hairs so my words bring some sort of hope, but from technical perspective the situation is as follows.
Another option is to treat the current leg up as a retest of the previous support but usually when you have seen that sort of panic and all the papers writing the same thing - it is just over.
I expect some turbulence at this resistance since bears will try to play down the move but final move is gonna be UP.
The first arrow is my initial momentum play. I expect to see some kind see-saw after the first leg and the second arrow reflects my further expectations.
Alibaba Analysis 18.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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Cautiously Optimistic for BABABABA currently has strong support at ~180 level. This beaten-up stock has a lot of China uncertainty built into the current price, and it is an extreme discount from fair value evaluations. More turbulence in China could cause more turmoil in the future, but BABA is still a compelling long-term opportunity in the 180-190 range.
baba w3 setuplooks like baba completed this subwave 2 correction / retraced nicely into the local golden zone
it is setting up for this wave 3 move which should take about a week or two to completely play out
sub wave 3 target = $227
equity down here could work for the larger swing as well, but personally i don't feel comfortable holding anything longer than a few days in these rocky markets.
$BABA long term uptrend still valid or not?NYSE:BABA
The uptrend support line since the year 2016 is tested. Although it outshoots by a bit due to china news, it rebounds strongly back into the uptrend.
With a stable earnings report just announced, plus a lot of new reinvestment done by the management to further increase their revenue, the next few quarters could be quite interesting.
If the price can stay around here with a higher rebound, it should prove the support is still valid.
Anyway, anything can happen. Let's see.
ALIBABA STOCK STAYS BELOW $200.00 LEVEL IN DOWNTRENDAlibaba Group Holdings Ltd ADR (BABA) has faced the ire of both the public and authorities in the past year and a half. In April 2020, users of the eponymous microblog of Alibaba-backed Weibo Corp complained that critical reports on the platform about an affair involving a top Alibaba executive had disappeared. And as recently as March, Alibaba was fined a record $2.75 billion for anti-competitive behavior. But the biggest retail sales provider is still with the most active consumers among the direct competitors (846 million) and also the most profitable Net profit margin company among competitors with 22.5%. For comparison, eBay and Amazon are respectively with 21.2% and 5.0%. Total cash flow operations growing by 112% YTD from the last year. But against the background of these data, the entire Chinese economy is under pressure due to fears about the Delta variant of COVID-19 and the result is that Alibaba's long downtrend.
It has been in recovery mode since July 27th, when it hit support at 179.30. However, overall, the share price continues to print lower lows and lower highs below the downside resistance line drawn from the high of October 27th, which keeps the medium-term outlook negative. Even if the recovery continues for a while more, we will see decent chances for another round of selling from $200 levels. If so, we could see another test near $179.30 soon, the break of which would confirm a forthcoming lower low and may see scope for extensions towards the psychological prices of $150.00 area.
To start examining the bullish case though, we would like to see the rebound extending above the $200.00 zone, which is marked as resistance. This may also confirm the break above the aforementioned downside line and could initially target the $230-$246 area. If investors are not willing to stop there, then we could see advances towards the high at around $275.00 or more optimistic to test the previous high at $320 according to good yearly expectations results.
Taking a look at our oscillators indicators we see that MACD has crossed the triggered line and RSI rebounded from 30 levels.
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BABA: Complete Multiple Time Frame Analysis (H, D and W charts)!Hello traders and investors! Let’s see how BABA is doing today, and do a complete Multi Time Frame Analysis (MTFA).
First, in the 1h chart, we have a pivot point at $ 201.06. This pivot point can change the trend in the short and mid-term for good, if triggered, and it is the first pivot point seen in a while. What’s more, we have a purple trendline connecting the previous bottoms, working as a support too, and we could say we have an Ascending Triangle chart pattern here too.
If we lose the purple line, then probably BABA will keep moving erratically for a while, but what if we trigger the pivot point? Then I see the $ 216.43 as the next target, as evidenced in the hourly chart above, and in the daily chart below:
It seems BABA is inside a Descending Channel in the daily chart, and the $ 216 is the resistance made by the previous tops in the 1h chart, and also by the upper line of the channel, making it a dual-resistance level.
Since BABA hit the lower purple line, it did a Hammer candlestick pattern down there, and we have a pivot point in the 1h chart, the odds are that it’ll seek the $ 216 next.
However, the trend is not bullish yet , as we lack stronger bullish structures around. We only see lower highs/lows in the daily chart, and although the breakout of the pivot point would be a good start (and a high risk/reward buy), the situation is not perfect for BABA.
Let’s see what the weekly chart has to tell us:
Yes, BABA did a fantastic Hammer candlestick pattern, just above the support at $ 189.56 (with high volume, by the way). This is another pattern that confirms our bullish thesis up to the $ 216.
On the other hand, we have another indicator that the $ 216 will be a hard resistance for us to defeat. The 21 ema is at $ 218, and it is dropping each week that passes. This makes the area around the $ 216 a very good top candidate for the mid-term, despite the good bullish signs seen right now.
If you ask me, I’m bullish on BABA, and I see now as a good opportunity to buy, simply because of the good Risk/Reward ratio , but we got be careful with the next resistances, as the trend is not truly reversed yet.
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$BABA Earnings week and Chinese volatility (Fibonacci edition)Hello my children of the night!!!
I dunno, just trying stuff out. Anyway, moving on...
$AMZON missed earnings and tanked last week. I'm betting $BABA will do the same this Tuesday, especially given the uncertainty around Chinese stocks and regulation.
I used trend-based Fib retracement and extensions to guide my projection, and of course, my patented "Marijuana Cloud" method foreshadows the pre-ER run up, followed by the post-ER dump.
What do you think? Kiss 200 before dump to 180?
Let me know in the comments below, my children of the night!
Still weird? Okay. Sorry. Just wanted to make sure.
Bye.