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ALIBABAGR DRN

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BABA34 trade ideas

BABA - Adam & Eve reversalWorst looks to be over for BABA after hitting a low on 15 March and then went on to form an Adam and Eve (A&E) reversal pattern. It broke above the A&E neckline 2 days ago. While the breakup volume wasn't impressive, it is however now above the 200 day moving average, which gave it credibility to likely continue in a slow path to recovery. (could chop sideways for a while until the 50 day moving average can cross above the 200 day moving average). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:BABALong
by Juliac
1
Cup and HandleNot to long entry level. BABA broke out of an almost chronic channel down, sometimes known as a regression channel. Giant H&S pattern at the very top which seems to be many moons ago. The 200 DMA continues to slope down, but the 20 crossed up through the 50 and the 50 looks to be trying to cross up through the 100. Appears to be forming a cup and handle with a inverse H&S at the bottom of the possible cup pattern. My fingers are crossed as it does seem BABA has a hard time catching a break )o: No recommendation. Earnings estimated on 8-25. Harami cross noted that was bearish yet price opened above this pattern the next day which happens but is not the norm. Perhaps the after hours crowd just bought a bunch of BABA. Rejection candle today with long top wick. Be safe and watch out for Mr. Market messing with your head )o:
NYSE:BABA
by lauralea
4
#ALIBABA looking structurally bullishReally like the way Alibaba is bottoming here. Not only have we broken the steep downtrend which has held price down for the last year, but we have broken horizontal resistance at $120 while holding above a new daily uptrend line. Today is the first break above the 200dma since Feb 2021, which is another encouraging sign. Should we hold this breakout above $120 on the daily close today, next targets are $130 which was a major weekly pivot bottom from 2018. Further targets sits at 138.50 and then 161.
NYSE:BABALong
by MarcoOlevano
1
WATCH $BABABullish Fundamental - Inflation Macro environment / fear sentiment - Funds Accumulation - Positive PE - Negative PEG ( seems leaning towards a value stock ) - Positive P/FCF - Weak Sector / Industry / not Leader - Very competitive online retail market Technical - Momentum Theory Indicator - break out downtrend / bottomed out - Price action formation ( falling wedge ) - Broke out downward trend line and retest - Price above POC - Price below major S/R level - Huge volume spike! - MACD divergence Entry idea - Entry idea was based on few confluences - Price above major S/R level - Price above fibo level - Price above 200 MA Stop loss set on previous low or POC level " STEPS BY STEPS, BASE CAMP TO BASE CAMP. I WILL SUMMIT" Cheers and happy trading!
NYSE:BABALong
by nexxtrade
BABA Potential for bullish momentum | 1st July 2022On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to buy entry at 120.88 where the swing high resistance and 78.6% fibonacci retracement are. Once there is upside confirmation, we would expect bullish momentum to carry price to take profit at 139.07 in line with overlap resistance and 100% fibonacci projection. Alternatively, price could drop to stop loss at 104.01 where the pullback support, 38.2% fibonacci retracement and 78.6% fibonacci projection are. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:BABALong
by Rockqet