$SPY 8/12 - 8/16- Massive panic sell off last week and a quick quick recovery BUT we are still overall red for the month
- If price makes higher highs above $534 lvls we most likely will keep pushing higher so we will look for calls
- IF price rejects and starts to make lower lows as well as retest previous demand zones then we should look for puts
- KEEP IN MIND there is PPI 8/13, CPI 8/14, and Retail sales + Unemployment 8/15
- Earnings for Retail Companies are next week as well so keep an eye on NYSE:HD , NYSE:WMT , NYSE:BABA for any major moves
BABA
FXI - iShares China Large-Cap ETF... FXI stock is a strong buy due to China's rapid economic growth, diverse portfolio of leading companies, and potential for high returns. Investing in FXI offers exposure to China's expanding market.
9988.HK
Alibaba Group Holding Limited 9.72%
0700.HK
Tencent Holdings Limited 8.73%
3690.HK
Meituan 8.09%
00939
00939 7.08%
01398
01398 4.74%
03988
03988 4.26%
9999.HK
NetEase, Inc. 4.00%
1810.HK
Xiaomi Corporation 3.77%
9618.HK
JD.com, Inc. 3.73%
01211
01211 3.51%
FXI stock is a strong buy because while the US and Europe have experienced an incredible bull run, China's market hasn't seen the same gains. This offers a unique opportunity for potential growth and high returns.
Anti Bat Bearish Harmonic Pattern on BABA🔍 Overview:
I've identified an Anti Bat bearish harmonic pattern on BABA stock, and it's looking promising for a short trade on the 3-hour chart! 📉
📉 Chart Analysis:
1️⃣ The Anti Bat pattern suggests a potential downward move, with resistance around the $78.13 level.
2️⃣ If we hit $78.13, a Shark bearish pattern also begins, providing additional confirmation for the bearish sentiment. 📈
🎯 Trade Setup:
Anti Bat Pattern:
Target 1: $77.91 💰
Target 2: $73.73 💸
SL: $81.55
Shark Pattern (if $78.13 is hit):
Target 1: $76.02
Target 2: $72.22
📝 Why I'm Interested:
The combination of the Anti Bat and potential Shark patterns strengthens the bearish outlook. 📊📉 These patterns often signal high-probability reversals, and with the confirmation of the Shark pattern, this trade setup becomes even more compelling.
📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳
🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻
#BABA #AntiBatPattern #SharkPattern #HarmonicPatterns #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
HSI - KWEB - FXI - YINN --- China UptrendChart is self explantory. Bottomline I think we came to the end of 4 year long bear market in China. If they don`t blow up the Taiwan issue, coast is clear.
Econ gathering on 14-16 July, CCP will explain it reforms. I don`t buy what they sell but they would most likely provde liquidity to the market pre and post this economic forum which they do every 5 years. Even for a small pop, this could be a nice play.
BABA - PDD - JD - Tencent...ideally I play with YINN but all the names will benefit eventually.
#202427 - priceactiontds - weekly update - alibaba #4Good Day and I hope you are well. A quick one on #baba again
Alibaba
Quote from last post:
" The stock found it's bottom and points upwards. Many tails around the 68/70 area below and big bull bars now appearing. The monthly 20ema will most likely be hit soon, where I expect a pull-back to then break above to the 100$ level again. China is printing again and from a technical perspective the stock has seen the worst days IMO. Can see 120 over the next 6-12 months again. Where you put your stop? Probably 80 or you want to hold for longer term and scale in lower. "
comment: The stock did almost exactly what I said it would. Last trade was good for 5$ or 6%. Market also turned 2$ above the monthly 20ema. So what is next? The two legged correction I have drawn is from 2024-05-14 and currently is going a bit deeper than expected but still valid. Market has to stay above 67 to make a higher low. Which would be a great entry for longs, once it turns again. I have drawn the bear channel on the daily chart, because the bear channel needs to be broken before you think about longs on this one. Could happen next week or the week after. Selling below 70/75 is bad any way you put it. Market just made a strong move again and another will likely follow. Bears are in their third push down and could see a two legged correction soon again, if not a major trend reversal for 100.
current market cycle: trading range at the lows
key levels: 63 - 120
bull case: Bulls want to break above 18500 to retest the other bear trend lines above.
Bull Invalidation is below 67.
Bear Invalidation is above 77.
short term: Neutral until bear channel is broken and bullish above 76 for 85 or higher again.
medium-long term: 17000 over the next 3-6 Months and when we get there, I update again. —unchanged
current swing trade: No big move caught. Will look for follow through selling on Monday and would swing a position then.
Chart update: Adjusted bear wave series to match the current sideways movement.
Alibaba - Back to bearish (not)?Hello Traders and Investors, today I will take a look at Alibaba .
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Explanation of my video analysis:
After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still respecting the bearish trendline, but it is just a matter of time until we will see a bullish trading opportunity on this stock.
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Keep your long term vision,
Philip (BasicTrading)
Trade Like A Sniper - Episode 25 - BABA - (8th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing Alibaba (BABA), starting from the 6-Month chart.
If you want to learn more, check out my other videos on TradingView or on YT.
If you are interested in private coaching, feel free to get in touch via one of my socials.
Alibaba - Don't forget chinese stocks!Hello Traders and Investors, today I will take a look at Alibaba.
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Explanation of my video analysis:
Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At the moment Alibaba is still in a very bearish market but there is a chance that we will see a reversal in the near future.
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Keep your long term vision,
Philip (BasicTrading)
BABA: Set for a Bullish Reversal, Potential Gains Exceed 50%?Hi Realistic Traders, let's delve into the technical analysis of NYSE:BABA !
On the weekly chart, BABA is making some exciting moves! It's broken out of a falling wedge pattern, forming a bullish candlestick with a long wick right on the EMA 34 line. But what really caught our eye? The significant volume spike, more than double the average. Now, why does this matter? Well, it's a clear sign of increased buying interest and strong market conviction behind the price movement. And wait, there's more good news: the MACD indicator is showing a bullish divergence, hinting at a potential reversal. So, what's the forecast? We're looking at a potential upward swing to close the gap near our first target at $117.89. After that, we might see a slight dip to the yellow zone before it continues its rally towards our second target at $165.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Alibaba Group Holdings Ltd."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
BABA Alibaba Group Holding Limited Options Ahead of EarningsIf you haven`t bought BABA before the previous earnings:
Then analyzing the options chain and the chart patterns of BABA Alibaba Group Holding Limited prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.74.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BABA is now Uptrend and BullishBaba has been hovering sideway since DEC 2023
Last 2 weeks triggers 2 Slow Turtle Buy signals.
This time, the signal appears above EMAs which indicating Bullish.
20x50 EMA Golden Cross also detected indicating Uptrend (Notice that price structure starting to form Higher Low and Higher High).
MCDX Retailer is now 0% insignificant seller while Banker Spike crossing above lowest point of Retailer (Dec 2023) is a good sign of Bull Rally.
Alibaba Stock Soars 7.56% After Strong JD.com ResultsAlibaba stock ( NYSE:BABA ) saw a 7.66% gain in afternoon trading on Thursday, thanks to a revenue beat from JD.com. Despite the slight revenue boost, Alibaba's earnings and revenue growth accelerated slightly from the prior quarter, up 13% and 2%, respectively. On an adjusted basis, Alibaba ( NYSE:BABA ) earned $1.40 a share, down 10% year over year, while revenue edged higher by 1% to $30.7 billion. The company announced a two-part dividend, including an annual cash dividend of $1 per American depository share and a "one-time extraordinary cash dividend" of 66 cents per ADS, totaling $4 billion.
In late March, Alibaba ( NYSE:BABA ) abandoned plans to list its logistics arm in Hong Kong, but the news did not lift Alibaba stock ( NYSE:BABA ) out of its downtrend. The cancellation of the listing poses more challenges to a restructuring plan announced last year by Alibaba ( NYSE:BABA ), which would have split the e-commerce giant into six separate companies.
NYSE:BABA stock rallied sharply on February 6 after the company reported fiscal Q3 revenue of $36.7 billion, up 2% from the year-ago quarter and slightly above the $36.16 billion consensus. However, adjusted profit fell 4% to $2.67 a a share. Investors also liked the fact that Alibaba ( NYSE:BABA ) added $25 billion to its share buyback program through March 2027.
Alibaba stock ( NYSE:BABA ) plunged in mid-November despite reporting an 18% rise in quarterly profit and a 6% increase in revenue. The company surged on Jan. 23 on reports that co-founder Jack Ma and business associate Joe Tsai have been buying shares of NYSE:BABA stock in recent months. In September, Alibaba ( NYSE:BABA ) came under selling pressure after outgoing CEO Daniel Zhang unexpectedly stepped down as head of the company's cloud business.
Alibaba stock ( NYSE:BABA ) surged above its 200-day moving average on July 7, following Chinese regulators fined the company's financial arm, Ant Group, just under $1 billion. In April 2021, Alibaba ( NYSE:BABA ) was hit with a $2.8 billion fine in an anti-monopoly probe. However, after three years of regulatory scrutiny, optimism is building that Beijing is close to ending its crackdown on tech firms. In March 2023, Alibaba ( NYSE:BABA ) announced plans to separate into six separate units, each with the ability to raise outside funding and even pursue an IPO. The company is likely to maintain its cloud/artificial intelligence business and giant e-commerce operations.
In April 2020, China regulators fined Alibaba ( NYSE:BABA ) $2.8 billion after an antimonopoly probe. At the time, it appeared that Alibaba stock ( NYSE:BABA ) was ready to break out of a downtrend but got turned away at its 50-day moving average. It tried to rally above the 50-day line again in late April but sellers knocked the stock lower again.
According to recent reports, Alibaba ( NYSE:BABA ) is expected to earn $7.98 a share in fiscal year 2025, down 7% compared to fiscal 2024. For fiscal 2026, earnings are expected to rise 14% to $9.07 a share.
South Korea Signs Agreement With AliExpress on Product SafetySouth Korea's government has signed an agreement with Alibaba's, AliExpress, and PDD Holdings' to promote product safety. The agreement comes after heightened regulatory scrutiny of these Chinese e-commerce platforms, which have significantly expanded their user base in South Korea. Safety inspections on products sold on these platforms detected harmful substances, threatening consumer safety. The Korea Fair Trade Commission (KFTC) said that the agreement was necessary due to the increased scrutiny on consumer safety related to overseas online platforms.
Temu co-founder Qin Sun stated that the government will continue to strengthen monitoring to block the distribution of harmful products, such as overseas recall products, in Korea. AliExpress Korea's CEO Ray Zhang stated that the platform had stepped up consumer protection policies since March, including a customer hotline without language barriers and faster returns.
Under the agreement, the government will provide data and check whether harmful products have been blocked from sale by the platforms. The KFTC is also pursuing the passing of a Consumer Safety Act that will assign legally binding responsibility to platforms. This is the first time Temu has signed such a voluntary agreement anywhere in the world, although AliExpress has a history of signing such agreements with the European Union and Australia.
Technical Outlook
NYSE:BABA stock is up 5.5% on Monday's early trading session starting off on a clean slate. The stock has a Relative Strength Index (RSI) of 72 which is clearly overbought. Traders ought to be cautious of a trend reversal or correction to feel the upward gap formed
BABA GO UP AFTER EARNINGS ? $89.94Unpacking Alibaba’s Stock Rise to $89.94
Alibaba, the multinational conglomerate specializing in e-commerce, retail, internet, and technology, has seen its stock price climb to $89.94. This significant increase is a result of a multitude of factors that have positively influenced the company’s valuation.
Earnings Performance: Alibaba has been reporting solid earnings, which have exceeded market expectations. This strong financial performance has been a key driver in boosting investor confidence and, consequently, the stock price.
Market Position: Alibaba’s dominant position in the Chinese and global e-commerce market has played a crucial role in its stock performance. The company’s vast user base and extensive product offerings have made it a formidable player in the industry.
Diversification: Alibaba’s diversification into various sectors such as cloud computing, digital media, and entertainment has opened up new revenue streams, contributing to its financial growth and stock price increase.
Innovation: The company’s continuous investment in innovation and technology has kept it at the forefront of the digital economy. This commitment to innovation has not only enhanced its product offerings but also improved operational efficiency.
Regulatory Environment: Despite the regulatory challenges, Alibaba has managed to navigate the landscape effectively. The company’s ability to adapt to regulatory changes has been viewed positively by investors.
In conclusion, Alibaba’s rise to a stock price of $89.94 can be attributed to its strong earnings performance, dominant market position, diversification strategy, commitment to innovation, and effective navigation of the regulatory environment. These factors collectively contribute to the company’s robust financial health and promising growth prospects. As Alibaba continues to build on these strengths, it is well-positioned for future success.
BABA. The buyer shows strengthHello traders and investors!
Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario.
The price has increased by 13%, with the maximum drawdown so far being 5%.
The situation is most clearly visible on the 2-day timeframe. I explained how and why to use different timeframes in a separate article, the link to which is provided below. On the 2-day timeframe, the price has formed a sideways movement where volume accumulation is taking place. Currently, we see 7 points within the sideways movement. The buyer's momentum from point 7 broke through the upper boundary of the sideways movement at 78.34.
If the buyer defends the breakout above the upper boundary of the sideways movement, I expect the first target to be 96.68. This is approximately 18% from the current price. This is the primary scenario.
If the seller absorbs the last buyer's candle and brings the price back into the sideways movement, there is a possibility of retesting the local minimum.
The ultimate target on the weekly timeframe remains the same - 121.3.
Alibaba (BABA): Finally Breaking Resistances!Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week!
Fundamentally, Alibaba holds substantial potential, and from a technical standpoint, it appears promising as long as it maintains its current level. This was the third time we were testing the trendline, and we expected to break through it.
There is still a chance to revisit lower ranges of this consolidation phase, if we can't hold the critical price level above $ 77.
While we hope it doesn't occur, it remains a possibility. Looking upwards, we have set a very ambitious target, aiming for a rebound to between $200 and $300—a potential increase of approximately 300%. This long-term scenario hinges on stability in geopolitical and other external conditions.
Alibaba's Jack Ma Makes a Bold ReturnAlibaba's co-founder, Jack Ma, has emerged from the shadows to pen a morale-boosting memo to employees. This rare move comes after years of maintaining a low profile following a tumultuous clash with Chinese regulators. Ma's endorsement of Alibaba's sweeping restructuring efforts marks a significant moment for the tech giant, prompting a surge in shares and signaling a potential return to the spotlight for the billionaire entrepreneur.
Jack Ma's Memo: A Vote of Confidence in Alibaba's Transformation:
In his memo, Ma expresses his support for Alibaba's decision to split into six units, heralding it as a pivotal step towards streamlining the company's operations and fostering agility. Acknowledging the challenges and mistakes of the past, Ma emphasizes the importance of embracing reform and charting a responsible path toward the future. His words of encouragement reflect a renewed sense of purpose within Alibaba ( NYSE:BABA ), with a focus on efficiency, market responsiveness, and courageous leadership.
Praise for Company Leadership and Resilient Team Spirit:
Ma's memo also commends the leadership of CEO Eddie Wu and Chairman Joe Tsai, highlighting their admirable courage and wisdom in navigating the company through turbulent times. Despite facing intense regulatory scrutiny and market pressures, Ma lauds the resilience and bravery of the Alibaba team, noting the emergence of a stronger, more united workforce.
Impact on Market Sentiment and Investor Confidence:
The release of Ma's memo has sparked a significant uptick in Alibaba's Hong Kong-listed shares, signaling a renewed sense of optimism among investors. The endorsement from one of the company's most influential figures has instilled confidence in Alibaba's restructuring efforts and leadership direction, positioning it for potential growth and stability in the future.
Jack Ma's Return: A Symbolic Shift in Alibaba's Narrative:
Ma's public endorsement marks a symbolic shift in Alibaba's narrative, signaling a potential return to prominence for the tech giant and its visionary co-founder. After years of speculation and uncertainty surrounding Ma's whereabouts and intentions, his reemergence offers hope for Alibaba's continued success and innovation in the ever-evolving tech landscape.
🔥HOT STOCKS: PYPL & ASANA - Like Monday.com but BETTER📉Hi Traders, Investors and Speculators of Charts📈
There are a few stocks on my immediate radar.
1) Asana - NYSE:ASAN
If you're working in a large, dynamic team you're probably using a workflow management tool like Monday.com ... or Asana.
Asana is a fantastic tool, I use it on a daily basis. It's easy to use, user-friendly and it has a wide range of easy-to-understand functionalities. BONUS - it has HUGE upside potential.
2) Paypal - NASDAQ:PYPL
Who doesn't know Paypal. PYPL has come a long way since inception, and it has improved exponentially from a user perspective experience. Paypal remains the nr1 choice for many people buying and selling online, as well as for many business. What does it have in common with Asana? - it has HUGE upside potential.
3) Alibaba - NYSE:BABA
Don't be hasty to buy just yet. Although Alibaba is still one of the biggest online retailers, Shein and Temu is starting to eat away at its market cap. For BABA, there is big upside potential but I am not convinced the price has bottomed just yet. When I spot a reliable bottom pattern, I'll accumulate a position and look for modest TP points.
4) Xiamoi - OTC:XIACF
Remember those cute little home camera's that let you watch your pet/child and even speak to them from anywhere in the world? Don't sleep on this one. AI automation, home security and... cars?
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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