$KWEB Volatility Contraction or Top of Downtrend Channel? AMEX:KWEB the Chinese stock ETF is looking like a due or die situation here. The negative is that it is in a longer-term downtrend. It is now just hitting the underside of the 50 DMA; it is below the 40 Week MA and nearing the top of the downtrend channel.
Here are the positives; it seems to have stopped the downtrend with a slight undercut and rally from the previous low. It is above the shorter-term MAs and looking like it might get over the 50 DMA. Looking at volume, there is buying with green volume days higher than red volume days.
Here is my plan. If it can close over the 50 DMA, I will start a ¼ sized long position with a stop on a close back under the 50 DMA. If it can break above and close over the upper downtrend line, I’ll add another ¼ size. After that I will wait for some consolidation / minor pullback and resumption of up trend to bring to a full position. All TBD.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
BABA
BABA Showing Some Bullishness Out of the Buy ZoneChinese stocks have been hurting from China's deflationary economic environment, as well as the Biden administration's restrictive measures for AI chips to China. I believe these factors have caused Chinese stocks to become extremely undervalued.
BABA is currently within my buy zone and is starting to show some bullishness. The price is near the lows of the monthly Bollinger Bands, which is favorable for a long trade setup. The price is also significantly below the EMA ribbon, which is also favorable for opening a long.
Price targets:
The white trendlines are my key resistance levels on the way up, and the EMA ribbon has also been acting as resistance that has pushed BABA's price lower. I think the EMA ribbon will act as a resistance zone for BABA on the way up as well.
$BABA Double Bottom Weekly Chart in Sight---
### Stock Analysis Update: Alibaba ( NYSE:BABA ) Approaching Double Bottom on Weekly Chart
#### Potential Double Bottom Formation for Alibaba
Investors tracking Alibaba Group Holding Limited ( NYSE:BABA ) should take note of a significant pattern forming on its weekly chart. The stock is approaching what appears to be a double bottom, a key technical pattern often associated with potential trend reversals. This pattern is identified by two distinct low points at a similar price level, separated by a moderate peak.
#### Key Level to Watch: $77.77
The critical level that defines this potential double bottom for Alibaba's stock is $77.77. This price point is where the two lows of the pattern are formed, serving as a pivotal level for future price action. I have set an alert for this price, closely monitoring the stock's movement as it approaches this key level.
#### Strategy Going Forward: Starter Position
Upon reaching or nearing the $77.77 level, the plan is to initiate a starter position in $BABA. This approach involves entering a smaller, initial investment, which allows for capitalizing on the potential upward reversal indicated by the double bottom pattern, while also managing risk.
#### What a Double Bottom Could Mean for NYSE:BABA
If Alibaba's stock indeed forms a double bottom at $77.77, it could indicate a bullish shift in investor sentiment. This pattern is often seen as a signal that the stock has found a strong support level and may be poised for a rebound. However, it’s crucial to await confirmation, typically seen as a significant move upwards from the $77.77 level, before considering it a firm bullish signal.
#### Investor Caution and Monitoring
As with all technical patterns, it’s important for investors to combine this observation with other market analyses and indicators. Setting a starter position allows for participation in potential upside while maintaining a cautious approach, ready to adjust based on further market data and the stock’s performance.
aaai #BABA needs to hold here - results 16thAlibaba still making higher swing lows on the daily. We recently broke out this falling wedge but have come back to retest the breakout. Important level to hold if the bulls want further upside. Results on 16th November could be a catalyst for a larger move
ALIBABA: 1W Bullish Cross leading it to 220. Cycle repeating.Alibaba is neutral on the 1W timeframe (RSI = 46.095, MACD = -1.100, ADX = 22.119) but with the RSI on HL since March 2022. Having crossed already over the 1W MA50 and being on the verge of the first 1W MA50-100 Bullish Cross since April 2019 (and the third ever), this bullish divergence is exactly what has historically formed before BABA's two prior bottoms. The 1W MA50-100 Bullish Cross has been the buy entry signal.
It is evident that all bottom patterns are identical in the form of a Triangle. The target from top-to-bottom has been the 1.786 Fibonacci extension. That is our long term target (TP = 220.00).
Prior idea:
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Unveiling Alibaba's Secrets: A Technical Analysis of Its Future NYSE:BABA
Based on the weekly ElliotWaves analysis , BABA is currently in a corrective wave structure. The corrective wave structure is a complex wave pattern that can take many different forms. However, the most common corrective wave structure is a three-wave ABC pattern.
BABA appears to be in the wave B of the corrective wave structure. Wave B is a retracement of wave A.
We can expect to see BABA continue to move higher in the coming weeks . However, it is important to note that wave B retracements can be sharp and volatile, so we may have a final push on the downside, before the long-term uptrend begins.
Therefore, it is important to be cautious when trading BABA during the wave B retracement and a stronger price confirmation is needed.
BABA's RSI is currently at approx. 50, which is neutral territory. This suggests that BABA is neither overbought nor oversold. However, the RSI is trending higher, which suggests that BABA is likely to continue to move higher in the coming weeks.
BABA's MACD is currently above its signal line, which is a bullish signal. This suggests that BABA is likely to continue to move higher in the coming weeks.
Potential Direction of BABA on a Weekly Timeframe
Based on the ElliotWaves, RSI, MACD, and other technical tactics, BABA is likely to continue to move higher in the coming weeks. However, it is important to note that the market is unpredictable and there is always the possibility of a trend reversal. Therefore, it is important to be cautious when trading BABA and to use a stop-loss order to protect your profits.
I hope this post is helpful.
This analysis represents is based on the information at the date it is posted.
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You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
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Alibaba (BABA) -> This After -80%My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Alibaba.
For me personally it was quite impressive that Alibaba stock dropped more than 80% after the massive 400% increase from 2015 to 2020.
Recently Alibaba stock retested and already rejected the previous all time low of 2015 and I think that it is just a matter of time until we will see a monthly bullish break of structure.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
BABA NEW WEEKLY LOWHere is a depiction of where BABA currently is relative to Market Structure. The WEEKLY has just confirmed a new weekly gap due the 4H's Gap above previous lower highs creating a HIGH. The current 4h chart closed in one of my most profitable patterns called the Inside Bar showing a consolidation after a powerful move to the upside representing a breather in the market before the next move. Will be looking to ride price up until a weekly high is punched in signaling a reverse in trend to continue with the overall bearish weekly trend.
Alibaba's Phoenix: Rising from the Ashes of AdversityAlibaba's Phoenix: Rising from the Ashes of Adversity
Alibaba, the e-commerce giant that once soared high in the Chinese business landscape, has recently found itself navigating turbulent waters. The fiscal year ending on March 31, 2023, marked a low point in its financial journey, with revenue growth hitting an all-time low. This downturn sent Alibaba's stock price tumbling to levels not seen in recent memory. But amid the clouds of uncertainty, rays of hope have begun to shine through in the form of promising quarterly results. The question on everyone's mind now is whether the worst is behind Alibaba and whether it's an opportune time to consider investing in its stock.
Alibaba's story serves as a classic tale of a fallen angel. Following its highly anticipated IPO in 2014, the company consistently delivered annual revenue growth rates exceeding 30%. However, the tides turned dramatically over the past couple of years. Alibaba faced a barrage of challenges, including regulatory crackdowns by the Chinese government, a pandemic-induced economic slowdown, and the relentless competition from rising platforms like Pinduoduo and Douying.
The fiscal year that ended in March 2023 bore the brunt of these challenges, with Alibaba's revenue growing by a mere 2%. Even more concerning was the 1% decline in revenue reported by the company's flagship Chinese e-commerce business, traditionally the primary revenue and profit driver.
Such lackluster performance was seen as unacceptable for a company heavily reliant on e-commerce for its financial health.
Thankfully, there are promising signs that Alibaba's performance in fiscal 2023 may have been an aberration. In the most recent quarterly results ending in June 2023, the company witnessed a substantial 14% year-over-year growth in groupwide revenue, accompanied by a remarkable 70% surge in operating income. Notably, all major business divisions, except the cloud division, posted double-digit revenue growth. Even the flagship Chinese e-commerce division managed to achieve a 12% increase in revenue.
While it's early to declare victory, this recent performance suggests that Alibaba's strategic restructuring, involving the division of its empire into six major units, is yielding positive results. All six divisions, in addition to reporting robust revenue growth, have demonstrated significant improvements in profitability. Especially noteworthy are the turnarounds in previously loss-making businesses like Cainiao Logistic and the Digital Media and Entertainment Group in the latest quarter.
However, it's vital to exercise caution and not base all optimism solely on one quarter of promising results. Alibaba's strategic restructuring plan lays a clear path towards a complete recovery, but transformations of this scale take time. It's likely to be several quarters, if not years, before the newly appointed management team steers Alibaba back onto a high-growth trajectory.
Eddie Wu, the recently instated Chairman and CEO, is spearheading a strategic shift with a focus on user satisfaction and harnessing artificial intelligence to drive the business forward. Simultaneously, Daniel Zhang stepped down from his role as chairman and CEO of Alibaba's cloud division. Wu faces the challenge of delivering results in his dual roles as acting chairman and new CEO of the cloud division.
For potential investors, patience is the name of the game. Alibaba's stock is currently trading around $86, only 26% higher than its IPO price in 2014. This, despite the company's revenue surging 15-fold during the same period, from $8.4 billion in 2014 to an impressive $126 billion in 2023.
The recent challenges Alibaba has faced have understandably left investors pessimistic about its future prospects. The stock is trading at a modest valuation, with a price-to-sales (P/S) ratio of 1.8, significantly below its five-year average of 5.5. In comparison, Pinduoduo boasts a P/S ratio of 6.2.
In light of these factors, Alibaba's valuation seems relatively attractive, especially for a leading technology company that still controls some of China's premier businesses.
So, is Alibaba's stock worth adding to your portfolio?
The answer hinges on several factors. On one hand, early indicators suggest Alibaba is on the path to recovery, evident in its respectable revenue growth in the latest quarter. Additionally, the stock's appealing valuation is an enticing proposition.
However, it's essential to acknowledge that regaining its previous growth momentum will take time. Investing in Alibaba's stock comes with the inherent risks associated with Chinese companies, including political uncertainties.
Only those investors possessing the temperament to manage these additional risks and the patience to wait for the company to execute its latest strategies should consider buying the stock. Others may be best advised to remain on the sidelines.
As Alibaba rises from the ashes of adversity, the path ahead is uncertain, but the potential for resurgence is undeniable. It's a story worth watching closely, as it unfolds in the dynamic landscape of Chinese business.
BABA, Breakout Of Triangle, Next Steps Ahead!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at BABA 4-hour timeframe perspective which is has shown some interesting confirmational and volatile signs recently, therefore, we are looking at recent events, the current price-structure, what we can expect next times, how possible entries can look like and how to handle upcoming situations properly.
Looking at my chart you can watch there that the stock just formed this massive and decisive ascending-triangle-formation which upper boundary and lower boundary are marked in blue, as this triangle has confirmed now properly with a volatile bullish move to the upside this gave a good and healthy edge for further upside ahead. Currently, the stock is approaching some resistance in the level where a pull-back to the upper boundary of the formation is possible as it is seen in my chart, furthermore, the stock has some solid support in this range which is given by the 50-EMA marked in red and below still the 100-EMA in black, these factors making it highly possible support to be confirmed when touched in this area, it is also a good point to open long in this range as it is marked in my chart, with the breakout the stock activated the minimum target which you can watch marked at the 299-300 level, when the stock approaches this it has to be elevated how it will continue further in the range, overall there is definitely some more upside possible.
Although it is possible to increase further in growth above the minimum target it has to be elevated how the stock approaches this range and if there are urgent bearish signs in this range, how they look like or the stock just manages to move above this level and go further.
In this manner, thank you for watching, support for more market insight, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
BABA is a perfect buyStock is cheap. At $88 it's waaay below its value.
Asset Value minus debt divided by a number of shares put BABA somewhere in the $95-110 range. Which means that at $88 it's basically free money.
The only con is VIE structure (Google it yourself) - I have decided to put my trust in VIE structure.
EV/EBITDA is 1.98 which is amazingly low for this type of company. For comparison, Amazon EV/EBITDA is 20.5 at the moment.
I have concluded that risk of VIE structure cancles out the EV/EBITDA discrepancy more than enough.
There is a very high chance that BABA is cheap enough to cancel out every other investment risk.
Do your own research and get to your own conclusions. These are just bullet points and for a small investor this should be a great LONG TERM investment.
Don't expect quick profits, even though there is a high chance of mid to short-term profits with this stock.
$PDD - Rising Trend Channel [MID-TERM]🔹Moving average indicator has provided a POSITIVE signal, indicating a continued upward trend.
🔹Resistance at 104 could potentially trigger a NEGATIVE reaction, but an upward breakthrough of 104 indicates a POSITIVE signal.
🔹Once breakout resistance at 46 is considered a POSITIVE signal.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
YANG China Leveraged Bearish LONGYANG benefits when the China factories slow down and the economy stagnates
which is the present situation. The weekly chart shows YANG at its highest before
and after covid in 2019-2020. The volume profile shows over the 3+ years most shares
have traded at the present price levels. Price is rising above the POC line of the
volume profile and approaching the long term mean VWAP. The RS indicator shows
sideways strength movement in the mid-ranges. The MACD is curling upward over
a low amplitude histogram. The Asexome Oscillator is sideways. Overall, I will place a
long trade here and then supplement it with an add when the trend direction is stronger
and the Average Directional Index gains amplitude.
BABA BULLISH CONTINUATIONBABA is on a good recovery streak with, steady gain and consolidation, following a solid support line since October 22'. China's economy and development are almost recovered from the horrible decline during the multiple lockdowns and manufacturing shutdowns. The gain/consolidation we are witnessing in the last several months is having an amplitude of 10-15$ which is likely to repeat unless something dramatic happens.
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JD is it a safe short or an early reversal?JD on the 1H chart has been in a solid downtrend worthy of shorting.
However, the zero-lag MACD shows a line cross under the histogram and
a red to green there. The signal has curled. This looks like subtle
divergence. Price is in the area of the mean anchored black VWAP lines.
The mass index indicator is double tapping the reversal zone.
So, what you think? Is there more downside or instead is JD going to
bounce and move up? Please offer your comment !
SasanSeifi 💁♂️BABA 👉1D
Hey there! Let's take a look at what's happening on the daily chart. After some minor fluctuations between the $80 and $90 price ranges, things got exciting! The price broke through the $90 resistance level and soared all the way up to $102. Then, after a small correction and a pullback to the $90 resistance level, it's now trading around $100.
So, what can we expect next? Well, if the $90 price range holds up, we might see the price making its way up to the $108 and $115 supply zones. The possible trend is pretty clear. But, keep your eyes peeled! If the price dips below the support level, we could be in for some more corrections.
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
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