$BABA #BABA Opportunity or Trap? $BABA #BABA This one I got stuck in the trade, but I am not worry too much about it, over the longer term it will go higher, technical wise, we dropped and hit the support levels.
If you take a look at the charts, it hit the weekly 100MA and bounce off it. Also a previous resistance area that now is support. If you have a longer term outlook, this could be a buying opportunity. If you remember AMZN, FB, GOOG all had these anti trust problems then moved much higher later on.
Though there is a risk being this is a Chinese stock and not know what the government can do. I took half my holds off before this drop for a small lost and I kept half my leaps around with some short calls to pay down the cost. I'll just keep selling calls to pay down the leaps and possibly sell some put credit spreads to speed up the process. I wait till it find a bottom and will add to it.
BABA is still one of the largest business in the world and still have huge growth ahead of it. It's moat is very wide, they got their hands on every business in China. They have monthly active users of 846 million people! Compare to Amazon 200 million. So longer term they are still a great company to buy. Your risk is mostly political and geographical because it's base in China.
BABA
Bull on BABA for 2021'Huge price action reversal end of day Thursday. They filled that big gap at $216.50 and will likely ramp this all next week and into the new year. Will likely outperform in 2021' that entry around 216 or lower if you were lucky was an excellent entry price for longs.
Buy alert on the Ann and Fisher signals. CCI close to bullish crossover too.
Buy buy buy in my opinion.
Not trading advice.
Goodluck -
BABA
Baba the bottom has already reachedIf somebody was made techical analysis 4 days before the probe investigation he would reached 100% accurate the bottom of the decline..
The bottom has already reached on thursday as you can check on the chart.
We had very good and strong reaction reaction from the day's lows .
Baba is the most undervalued company all over the world with huge value , power and prespectives.
If you check the balance sheet you will understand that the company at this prices are BARGAIN !!!! christams gift!
nothing bad will happens at the company and his boss,the chinese gov it is not crazy.
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.
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