Bababuy
BABA - Alibaba Group Holding LtdBullish - Will require patience like my other trades.
( NYSE:BB NASDAQ:TLRY )
Previous Close 165.24
Open 159.99
Bid 159.56 x 800
Ask 159.57 x 800
Day's Range 158.56 - 161.74
52 Week Range 152.80 - 319.32
Volume 30,294,580
Avg. Volume 20,830,984
Market Cap 436.158B
Beta (5Y Monthly) 0.81
PE Ratio (TTM) 19.25
EPS (TTM) 8.28
Earnings Date Nov 03, 2021 - Nov 08, 2021
1y Target Est 1,788.37
NYSE:BABA
CAPITALCOM:BABA
BCBA:BABA
SIX:BABA
MOEX:BABA-RM
SWB:AHLA
CAPITALCOM:9988
BCBA:BABA
OTC:BABAF
FTX:BABAUSD
MYX:ALIBABA-C3
SWB:2RR
BITTREX:BABAUSD
BABA - POSSIBLE TRADEHello there,
As you can see in the chart BABA is holding the 0.786 FIB level and bouncing from there, also we have a bullish RSI divergence confirming our entry.
We will enter our trade in this level with a SL in the yellow line.
Our target: sky is the limit, you can chose your own percentage.
Cheers.
My perception of Alibaba's weekly stock chartMy perception of Alibaba's weekly stock chart as follows !
After a five-wave with three continuous shares, it enters a correction in the form of a second wave. This is formed as a flat with a big b wave. maybe just it want to make triangle to ready for powerful third wave .. so buying and maintaining it at prices from $ 140 to $ 150 is extremely attractive
Considering the time of the second wave, , it noted that the third wave is the main continuous wave and has very high goals .. maybe above $ 1500 😁 .. so the long holding stock may not be bad .. though it does bother you a little over time
BABA: Alibaba's future looking goodBABA trying to break the resistance line! Looking to crate a higher low, so that we change the down trend! If it breaks the resistance line it will have a great upside move! Also waiting for the results coming out on the 18th which will decide its future! Positive results, will lead BABA faster to the upside move! Big investors and hedge funds are already in, its a matter of time for it to go up
BABA Daily TimeframeSNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes.
Start believing in this strategy because it will reward believers with huge profit.
There is a lot more about this strategy.
It can predict and also it can give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
BABA 3D Buying with a short stop can give a good resultLooking at the global chart of Alibaba Group shares, it appears that the 38% corrective fall is reaching its logical conclusion.
During the fall, each renewal of the minimum was accompanied by a decrease in trading volumes, and the "Bullish Pennant" pattern is formed on the chart itself.
The target for working out such a pattern is in the region of $265-285, which is at least + 30%.
In this zone, you should cover longs and look around to see what the general mood will be in the market.
Analyzing the chart today, we consider the scenario of the continuation of the correction of the price of BABA shares down to $165 , and possibly to $135, after a rebound to the zone of $265-285 from current prices , is more likely.
This assumption will be shattered by buyers if they can confidently fix the price of BABA shares above $285
Let's wait and see who will dominate the market in the future)
$BABA Waiting for entryI have noticed a lot of bullish sweeps lately trying to guess the bottom here. There is a descending wedge forming on the weekly chart that has become an issue if it continues to drop under the buy zone that I have set below. My buy zone is based on the retracement level that coincides with the highs in 2018. As these sweeps kept coming in, the 2022 LEAPS caught my attention. If BABA manages to break out, it will be interesting how price will hold these levels now that it seems that big accumulation is taking part. Also important to note that ADX is getting a strong sell signal whilst orderflow shows otherwise. IV is also the lowest it has been in the last 52 weeks, so a big move to either side could take place soon.
Alibaba (BABA): Dissecting the FUD, Fundamentals, and TechnicalsAlibaba Group is a Chinese multinational tech company specializing in e-commerce, and IT. This Chinese company is listed on the New York Stock Exchange (NYSE) as BABA. In this analysis, I’ll be covering the company’s fundamentals by looking at its business model and financials, as well as technical analysis for the stock. I’ll also be providing my own insight on why this stock has been rather underperforming for the past few weeks, and what we can expect for the future.
Business Model
- Alibaba, while it initially started with a focus on e-commerce, has expanded to other territories as well
- It aims to offer the necessary digital infrastructure as an e-commerce platform, providing small businesses the necessary tools and equipment to operate online.
- Alibaba also takes part in cloud computing, just like AWS and Azure, offering data storage, big data analysis, and machine learning services.
- Alibaba also has a business dedicated to digital media, producing original content
- Alibaba owns 33% of Ant Financial’s shares, which is what affected the price action so heavily recently
Ant Financial IPO FUD
- Ant Financial is a company that was formerly known as Alipay.
- Its expected market valuation after the dual listing was expected to reach over $310 billion, which would have significantly affected BABA’s price as well.
- However, the Chinese Communist Party halted the Initial Public Offering (IPO) of this company, without an official explanation.
- Ant Financial has transformed the way Chinese people interact with money. It challenged China’s banking system by brining easy use of payments, borrowing, and investing through smartphones across the entire country
- Ant Financial’s business model, in essence, puts financial services outside the direct control of the CCP and Chinese banks
Financials
- So at this point, we understand why Alibaba’s stock prices have been negatively affected by news.
- Looking at the company’s financials, we can discover that the firm’s fundamentals remain solid
- The company has shown a parabolic growth in their revenue since 2010, reaching record highs for the 2020 Estimate
- Accordingly, its operating income grows at a steady pace as well.
- Its gross profit margin averages at 55.5%, which is considered as extremely high profit margins
- They did report a decline in yoy EPS for the 12 months ending in September 30, 2020, and a 60% yoy decline in the EPS for the quarter ending at the same time.
- Nevertheless, it has still managed to beat the consensus EPS, and continues to demonstrate yoy growth
Technical Analysis
- This is the weekly chart for Alibaba
- We can see that it was consolidating in a rising wedge pattern, before breaking out in July 2020.
- Due to the Ant Financial IPO cancellation FUD (fear, uncertainty, and doubt), stock prices fell from $320 down to $255.
- Elliott Wave counts suggests a further potential downside to $220-230 levels, where it could complete the corrective wave at the gap support
- We can also see that prices have never broke down the 150 Simple Moving Average (SMA) on the weekly.
- This indicates that the converging point of the 150 SMA and the 0.618 Fibonacci retracement support at $200 could be considered our last line of support
- Thanks to the recent corrective move, however, the Relative Strength Index (RSI) has been flushed out to neutral levels, from overbought territories
- It seems as though the RSI could bounce on the trend line support soon
Conclusion
Alibaba is a solid company with strong fundamentals and financials, as well as a business model that expands throughout a wide range of areas. It has fallen victim to the restrictions imposed by the Chinese Communist Party recently, but it’s important to understand the role this company plays for the Chinese economy and the world economy. Companies like Alibaba are essentially too big to fall. There are attempts made by governments of various countries such as the US with big tech companies, and South Korea with Samsung Group, to regulate dominant firms. Regardless, none of them have actually succeeded besides a small correction in stock prices driven by FUD. As such, while technical analysis suggests further potential downside, I believe that investors should approach this stock from a buy perspective.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.