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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.
NYSE:BABALong
by CJITM
BABA - How About A Collar Trade?The green zone is long term support. The Pitchfork projects path of price, on a Pendulum Swing basis. The sliding parallel (white) marks the overshoot and projected support. As we see, the steep down sloping yellow dotted resistance line was broken 5 weeks ago. But that's no reason to rush in. Why not wait for more facts? Do we have facts now? Yes, we have. a) support at the sliding b) today we see a close above the last high AND a break of the (grey horizontal) resistance. How can we play this with low risk? What about a Collar? 1. Buy Stock 2. Buy Put ATM Optional: - sell a longer dated Call (potentially limiting stock profit to finance the put) - sell lesser Calls, to let the rest of the stock position ride, if price close ITM and calls away your (partial) position. That's just an idea how to play it save. Why save? What if BABA tanks? - sell Put profit and buy more stocks to bring down the cost basis. Repeat until B/E or in profit. Additionally you can sell more Calls if they are above calculated cost basis. Highest Risk: If the stock go to zero, then the initial investment of stocks is gone. Could it happen? Yes. High chance of happening? Don't think so. Would love any input about this idea. Happy weekend §8-)
NYSE:BABALong
by Tr8dingN3rd
The most likely scenario on BABAbased on the price pattern has been formed in the last 3 years, the most likely scenario is what is shown by the blue line marked on the chart. due to the last move of the price and disability to catch the Last High which is marked by the orange line, market structure hasn't changed and downtrend is still continuous. so i'm expecting a new low and all of the mentiond fact beside the weakend downtrend show me a scenario which is marked on the chart by blue line.
NYSE:BABA
by soheilbehnoud1
5
BABA Breaking out!! Wait for pullback !BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140 We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA We also see a massive spike in the ADX implying a very strong ongoing trend for the BULLS Those who do not have positions yet can look to ENTER/LONG along the: 100 - 110 USD zone Personally I will not set stop losses here as Im expecting to hold BABA for long Fundamentally, China domestic demand is growing massively with a massive middle class. BABA also has a huge economic moat along with Jack Ma relinquishing his position on the board and staying low, BABA's days of billion dollar fines might be over.
NYSE:BABALong
by Gold_D_Roger
BABA in a falling wedge (NEW)BABA stock has been in a long-term downtrend. We're expecting the price to continue droping as it looks like it got rejected from the downsloping resistance line on the weekly timeframe. What we can see on the chart is a pattern called a falling wedge. Most likely the price will revisit $60 or lower but eventually we expect the breakout in Q2 or Q3 2023. How to trade: Enter long position if/when we get a breakout with a volume increase. Final target and the take profit level are shown on the chart. Good luck
NYSE:BABALong
by vf_investment
4
Alibaba Analysis 30.11.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
NYSE:BABA
by basictradingtv
2