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BABA

Buy Signal: 264.70Stop: 250 First target: 290 China stocks have been lagging over the past month but emerging markets as a whole remain in an uptrend. Unless the environment changes we continue to follow the model looking for a reversal to the upside. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions. Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat. To view the entire portfolio and track our performance visit our site.
NYSE:BABALong
by IngenuityTrading
$BABA - "OPPORTUNITY" NYSE:BABA BABA on a rollercoaster ride with several negative catalysts getting priced-in causing a significant pullback. Down about 17% from its ATH (as of the time of this writing). Waiting for $265 validation of support, watching two other support levels at $257, all the way down to $240. A breakout of $275 resistance is critical to have a chance to test $280 - $300. Undervalued company, in my opinion, with a significant competitive advantage in China and its growing economy, Ali Cloud is underappreciated and brings a lot of growth potential in the future. A positive catalyst to also watch is the potential ANT Group IPO along with their successful compliance with S. 945 "Holding Foreign Companies Accountable Act". LONG all the way. Cheers! -Kaswrp
NYSE:BABALong
by Kaswrp
Long opportunity with little risk involved on $BABAWe finished a clean three wave zigzag which stopped around 123.6% fib extension. There has been lots of call flows into this name for a while and with the news about the China stocks on the board this seems like a risky play. Based on Elliot Wave theory I am long $BABA and keep adding to my position as long as we stay above the 0.786% retracement zone in the C-wave. Mental stop is somewhere around 260. My target would be at least 306 which offers a great risk to reward from here.
NYSE:BABALong
by TheBirdisTheWord
8
ALIBABAthere are lots of things to consider. Let's start with the price chart. we had 2 down gap, not yet covered very well, plus the last one of 30th Nov. considering the 200 ma, it's close, yet away $20. then the ma 20 days, that took down the price 2 times, at $303 and $280, which is just on top of the price again at $270 (price now $266) MACD isn't really good looking now. 12 ma is crossing downturn the 26 ma, which is usually bearish, plus it's close to 0 in the bars. talking about the RSI. it's optimistic, since it says the price is going to be more bought, yet under 50% (ca 45%) VOLUME It's looking good. volume, since the spike when ALIBABA went down from $310, is lowering, which could mean the downtrend strength is lowering, so it can reverse. yet the volume is not calm and has not been as low as during the upturn (just like from 270 to 310 in October). I want to try to use a 1-10 (may scale it in future, just today's new idea), to rate the stock IMO sooooooo, I'm going to give baba a 7. it's because fundamentally its good, china is a good place for this business right now, and the price is as low as 5 months ago. 1Y +32% ok? quite good. the chart is not the best at the moment, but if ur not considering buying into it, u should at least check it daily to see if it hit 200 ma. CAMELOT0707 RATE 03 December 2020 = 7/10 the weekly chart for a larger view. hourly chart :D you never know
NYSE:BABA
by camelot0707