ALIBABAAlibaba, I suggest buying at $220 AND at $200 AND (if reached) $180, of course long.
we have the MA 50 in the monthly chart close to $180, a place where It will probably jump up as he did years ago. we got the support (ex resistance) AND the MA 50.
long run it will surely go up, you have to consider how much you want to hold it.
BABA
GAP CLOSE - ALIBABA stockFundamental analysis for BABA is not good. They are going to be investigated by the Chinese government for abusing of monopoly position on the market. But the GAP on the chart should be closed. So I am expecting a pull-back to $260. Long term position should be considered. It seems to be the same story as FACEBOOK or GOOGLE sued by the US government.
BABA fell sharply! News-oriented!The reason for yesterday's plunge in BABA price was largely due to the impact of antitrust in the platform economy, and a similar decline as early as November 9-10, when it was also due to antitrust-related news in the platform economy, so the recent trend was heavily dominated by negative news. But share price volatility is still on the 0.618 line, and BABA, as a leader in China's Internet, still has plenty of room for correction after adjusting to the requirements. Keeping a close eye on the news recently, without any other negative news, the share price is likely to pull back to the 0.5 line and try to break up.
Disclaimer: Nothing contained in this idea and analysis should be construed as investment advice. Past performance is not necessarily indicative of future results.
BABA - goes Bye-Bye - my plans to play$BABA is seeing some wrath of the CCP.
It's a clear COVID winner like $AMZN, but since the failed IPO of Ants Financial from Jack Ma's less-than-flattering speech on the eve of the biggest IPO ever, CCP pulled the plug on the parade.
Last night, there was a crash of $BABA's price in HK market, then the US market followed.
My plans are to wait for the price to come down to test today's low ($211.50) perhaps a few times before starting to go into the gap as we get closer to the earnings.
Maybe the sentiment may change in China after the Lunar New Year...?
#tradeidea
- wait for the price to test the lows
- sell credit put spreads
- When in the gap, buy calls if the sentiment in China has changed.
Chinese Commies are punishing Jack Ma through Alibaba...The punitive actions taking against Alibaba for Jack Ma for speaking out must be looked at through multi level thinking. Do the Commies really want to break up the company or are they just trying to make money on it? There are a couple scenarios here. The commies break up the company. There's probably legit, but weak reasons to do so. Yes, Alibaba is dominant, but, there is competition coming. The commies beat up the company so the shares get cheaper, buy a bunch of shares and then make nice with Ma (before disappearing him someday). My guess is that. I think they beat the stock up more and then buy shares. My limit orders are in at $192 and $172. I could get rid of the $192 order if momentum is hard down as the price approaches. I already have a starter position in BABA from the last beat down.
ALIBABAis time to BUY LONG ALIBABA come? well, it is going under the antitrust probe.
anyway, it is still a good stock given the fundamentals, so why should not buy it? well, China is known for its being communist, so if china's boss what Alibaba to stop what it is doing, Alibaba will stop.
but we got to remember that Alibaba, since it is a big one of e-commerce in China, it has yet space to grow, as long as the Chinese population's richness grows.
so, as my previous analysis, at 230 we are in the middle of the old-growth trend, which can be a good point since it is also a support 1 YO.
so, I think ill buy some, it went almost 1/3 down since its ATH (315), so it is a buy for me, after all, the antitrust can continue, but everyone wants Alibaba to go since it Is also helping the Chinese environment (it does a lot actually, not only e-commerce, even if at this time more than 80% of its revenue are from e-commerce)
I think it can be a good BUY THE DIP, but it can go even lower, you just have to be patient and wait for the long run
12/23 PRE-MARKET WATCHLIST** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS **
Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red trendline today.
Again, careful trading today due to decreased volume!!
WATCHLIST 12/23
Recall that my trading style is short scalps and intraday options.
ZM calls over 409.65
BABA puts under 252.4
BLNK calls over 49
PENN calls over 96.65
PYPL calls over 246.1
SQ calls over 247.1
MRNA puts under 117.5
NVDA calls over 531.8
WKHS calls over 23.75
TWLO calls over 374.7
NFLX calls over 527.6
Happy holidays all!