Alibaba (BABA) Crashes -Is Jack Ma Missing? - Buy or SellAlibaba (BABA) has plunged 34% since Oct 2020 with lots of negative news going on. Is BABA hitting the bottom yet or further distribution to come?
The negative news ranged from suspend of ANT's IPO, investigation over monopolistic behavior, Jack Ma's missing, executive order to ban Alipay and plan to ban Americans from investing BABA, etc…All these bad news are still unfolding with lots of selling of BABA in the background.
Let's look at BABA based on price action trading aspect from long term, medium term and short term aspects, with only price and volume to determine if BABA hit the bottom yet and what to expect next.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Ecommerce
Pinduoduo Inc 2021 PredictionE-commerce in China statistics:
Revenue in the eCommerce market is projected to reach US$1,260,539m in 2021.
Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 6.7%, resulting in a projected market volume of US$1,635,804m by 2025.
The market's largest segment is Fashion with a projected market volume of US$330,633m in 2021.
Competes with Alibaba a bigger but in my opinion less social E-commerce giant.
Pinduoduo found room in e-commerce, not as a competitor to search-based websites like JD, but as a new e-commerce platform focused on interactive and social shopping experiences online. Social shopping may seem like a new concept, but the reality is that in the physical world, shopping is meant to be “interactive and fun”
Final Thoughts: China is experiencing a large volume of growth in the fashion market. This is heavily influenced by social factors. Potentially making PDD a better fit than BABA.
$OSTK bulls need to be patient - buy level is at $39-$41$OSTK bulls need to be patient - buy level is at $39-$41
Ebay and Amazon looking to break up/ $AMZN $EBAYEbay and Amazon look bullish for a potential big breakout. With countries and some US states issuing more covid restrictions these 2 companies should do well in 2021. Online shopping growing exponentially as more retail stores feel the pain of the Covid restrictions.
jd has limited short term potential to go up1. Daily chart shows potential to run out of energy and will have a retracement any time soon.
2. The risk to go short is that price consistantly holds at 50ema. It will have a retracement from 87.90 to 83 (50 ema).
3. Once 50ema is broken, it will go to 70 which may hold around 200ema.
4. 15 mins chart looks different. It has potential to go new high which is 92.88 if the down pressure line is broken.
It gives a quick long if it retests down pressure line and entry around 90. Target should be 105 if enter this high.
5. Will trump's ban on couple chinese companies have impact JD next week? We have to watch.
Overall JD only offers very limited potential and higher risk of going downside. 70 will be a long term buy price given
china index goes very bullish recently.
Based on Technicals, Ebay Target 48-46. Option PutRecently hearing news of hedging position of EBAY was something I didn't hesitate to close out last week after I noticed it started to putter out of its uptrend I had hoped for it to catch on from a 5% dip from 53 towards 48-47. I expect higher prices but nothing higher than 52.50 where I'll buy 2 week expiration puts for 48. I don't expect price to fall past there as of right now I just notice the past few trading sessions its been showing greater weakness. Looking to close the position shortly above 40%+
#MELI - 1H - 13.11.2020 / Latin American Amazon. MELI BACKGOUNDS
MercadoLibre (MELI) is an online e-commerce and payments platform. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The company provides users a platform for buying, selling and paying. Born in 1999 and founded by Marcos Galperin, its the largest ecommerce company in Latin America.
- Exponential growth since 2016.
- Boosted by the rise of ecommerce this year due to COVID-19.
- Super Strong Fundamental indicators.
- Amazing revenue over 2019 - 2020 beating all estimates.
Even though MELI is a direct competitor of huge ecommerce companies like Amazon, eBay and Shopify, they operate on a total different market. Quiet similar to Jumia in Africa.
Latin America is a huge market full of opportunities where Amazon left spaces that MELI took advantage of. Now, MELI is standing strong and keeps investing heavily to maintain its dominance. Last week was authorized by Brazil Central Bank to operate as a financial institution.
Although MELI its an Argentinian company, now its focusing on BRAZIL (209 million people market) and MEXICO (120 million people market). It´s Payments platform MercadoPagos, is a Fintech Payment solution that it is getting adopted massively by Latin Americans. It aloud all kind of business B2C to charge without cash or just transfer money between people. It´s e-commerce platform, operates at a 12 transactions per seconds and 80% of the total sales are from Brazil, Argentina and Mexico.
Last quarter revenue jumped to $1.12 billion from $603 million, exceeding analysts' projection of $984.8 million. Unique active users surged 92.2% to 76.1 million, while gross merchandise volume jumped 62.1% to $5.9 billion.
With a 64.792B market capitalization, and huge growth potential, MELI is just on initial stages of its history. This is the kind of share that you might regret on a near future of not buying it earlier.
TECHNICAL ANALYSIS. (1H)
Nothing left to say but MELI is on an uptrend basically since February of 2016.
I particularly like to analyze it on a 1H timeframe to see how respectful this stock is of supports and resistances of this year. We´ve got three supports near current price level. Uptrend + MA200 + Fibonacci 0.618.
I think that we might see a little test on Fibonacci´s 0.618 and then next stop is all time highs. I would be careful and wait this confirmation before go long. Would be wonderful to close next week above Ichimoku´s red cloud.
EBay Holds Key LevelEBay was one of the surprise breakouts of early 2020. The online-auction and e-commerce stock ripped to new 52-week highs in May and kept flying on raised guidance in June. The strong numbers kept coming in July and October, but the stock just drifted and then slid lower.
The pullback landed EBAY back at a key level around $47, the old record peak from 2018. It gapped through that price area in June and bounced near it in mid-September. It’s also close to the 200-day simple moving average (SMA).
Speaking of the 200-day SMA, prices tested below on November 10. They quickly snapped back and formed a hammer candlestick, which may suggest the shorter-term decline has ended.
Given its strong results and turnaround, longer-term trend followers may look for EBAY to continue higher into yearend.
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Can United Parcel Keep Delivering? United Parcel Service has been one of the bullish surprises of 2020 and the coronavirus pandemic. New CEO Carol Tome has shaken up the once-dull shipping company with a major focus on profitability, launching its share to new all-time highs in July.
The last earnings report on October 28 was also strong. However, investors had “bought the rumor” beforehand and “sold the news” after.
That landed UPS back near the bottom of its September range. Two sessions later it made a slightly higher low before starting to bounce.
The price action resulted in a tight ascending triangle. The stock has also managed to claw back above its 50-day simple moving average (SMA) and had a bullish outside candle yesterday.
Given the excitement about its new direction, plus e-commerce tailwinds into the holidays, trend followers may return to UPS after this pullback.
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$JMIA African Amazon. Looking at the Charts.After much skepticism $JMIA has found it sell one of the hotter stocks on social networks ( they have sites for that). $JMIA is compared to $AMZN as the African version. Taking a deeper look, the company has potential but suffers from potential infrastructure problems as it expands across Africa.But they have big goals and seem to be taking the steps to meet those. A Lot of potential in that business and in the charts. Looking at the charts, JMIA has formed a Cup and handle on the daily chart and looks like it could break out bullishly. Also aligned with this breakout is earnings, and this is where we could see a rocket or an anchor. Expectations are not to much higher than last quarter and I am expecting a decent beat. Guidance is where we will have to see. Good luck and happy trading!
Look out Costco!I think BJ$ is a huge grower in this category where Costco has all 50 states and has not much growth in store i feel BJ$ is a great Long term hold Big BOX is the one thing Amazon Cant compete with Family Luv them and they are transiting nicely to online sales same day delivery also . I like the Technicals of this consolidation is nice above the MA and BB Bands Squeezing looking for a break of them and move upward.. but im LONG term holder on this...
BIGC looking like itll have another $30 rally soonLooking at the Day Chart you can see that its pretty clear that BIGC might retouch the $70 level
Once it does that i do think that well bounce off that AS LONG AS THE MACD TURNS DIRECTION
You can also see that the last time we had the Mom indicator at these levels it was the start of the bull reversal that took us straight to $108
The Accelerator Oscillator indicator is also showing signs of bullish movements which in turn is showing the bear trend weakening
A solid buy would be right now or waiting a couple day to see if BIGC goes down to the $70 level
If MACD switches sides we are looking at another rally to $108 as well as other tech following
So far i have noticed that BIGC is a leading indicator of other Tech
Earnings will also be a good indication of the direction
African Amazon $JMIA been silent for awhileFA,
- African Amazon (so they say)
TA,
- MACD golden cross
-RSI reversal
- Big volume spike (double the average)
-Forming a nice base
Concerns,
- Transparency of numbers coming in
- Have no clue what it's like in Africa
- Too hyped.
Entry: Under 8
Exit : 10.5
Bullish reversal with a gap to fill aboveUpdated from the earlier idea with adjusted fibs. Where the extension from March to recent monthly highs aligned, I used that fib as marked entry.
Solid uptrend established
Still oversold on the daily
Entry near the fib especially after a successful backtest as support would be a solid entry.
First gap comes from a large space in which there was no candle closures since the gap down; this may not be a technical gap down but may have an impact on price action. The true gap is small and marked within. Either way, this should make a nice move upward through that space.