BabaAfter a large move out of my support breakout idea of 85.40 control we have now reached a 105 top. We have had a pull back and considlation pattern building which still might have more time to compress. Key reistance around 102.50-103. If we can break through this symetrical trinagle or bullish pennat we can launch back to retest this 105 or higher on next rip
Support is 98.50 in looking at this as a contiuation pattern off the first blast bottom we called. This is setting up but could still need another pull back to buy around 98.50
9988 trade ideas
ALIBABA uptrend confirmed. Made this chart simples as I could, so everyone could understand. Few thing happened that are extremely bullish. First, price is above 200 moving average. Second, 20 EMA crossed 40 EMA after 6 months(last time this happened Alibaba went from $66 to $120 in weeks) 3. It formed bullish divergence on RSI. I marked all the details. Pls this is not any financial advice or anything, I am just trying to make this chart as simple as I can. You are welcome to make any comments, positive and negative. Thank you
Don't Buy BABA in the short TermTechnical Analysis:
- As you can can see in the chart, Alibaba(BABA) is still correcting in short term wave V in red and it must be completed around $43 when we think smart buyers will appear
- If the price crosses the invalidation level around $121.30 it means that the correction is over or we can have a bounce in WXY Structure in wave IV which will extend more higher before goes lower
- H1 Right Side is Turning Up
- H4 Right Side is Turning Down
Technical Information:
- Wait for the correction in wave ((II)) in black to be completed in order to buy
ALIBABA GROUP a great move !!! NYSE:BABA
Alibaba group a great move ! The potential of the idea is 18,8% in 2--6 weeks.
Alibaba surging on its new organizational and governance structure, splitting into six major business groups each with a CEO.
Alibaba named Research Tactical Idea Call at Morgan Stanley-tgt $150.
Investors should also note Alibaba's current valuation metrics, including its Forward P/E ratio of 13.25. This represents a discount compared to its industry's average Forward P/E of 18.08.
It is also worth noting that BABA currently has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 1.16 as of yesterday's close.
Tactical Idea Long above 101.
Risk/reward ratio 3.94
Target 120
Stop 96.
This announcement is for information purposes only and does not constitute an individual investment recommendation or an offer to purchase such securities.
LASVEGAS 13 is a market signals, ideas, trade forecasts since 2010
Alibaba group a great move.........Alibaba group a great move ! Alibaba surging on its new organizational and governance structure, splitting into six major business groups each with a CEO.
Alibaba named Research Tactical Idea Call at Morgan Stanley-tgt $150
Investors should also note Alibaba's current valuation metrics, including its Forward P/E ratio of 13.25.
This represents a discount compared to its industry's average Forward P/E of 18.08.
It is also worth noting that BABA currently has a PEG ratio of 1.04. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Commerce industry currently had an average PEG ratio of 1.16 as of yesterday's close.
Tactical Idea Long above 101 * Target 120
Stop 96.
Risk/reward ratio 3.94
The potential of the idea is 18.8%
$BABA: Strong baseI like the $BABA base that triggered a huge uptrend signal after news of the company being broken down in child companies for each main division by the govt., which would give investors exposure to potentially larger growth potential in each of them separately, rather than as a conglomerate. I have a small long term position but looking to increase exposure on any dip here.
Best of luck!
Cheers,
Ivan Labrie.
BABA - Broken Resistance Level- BABA is in a falling trend channel in the medium long term.
- BABA has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- BABA has support at 81 and resistance at 112.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
$BABA Inverse Head & Shoulders$BABA IH&S, neckline at $120, possible initial rejection (sell in may & go away) then hit $180 breakout target by fall. I took the fractal from the left shoulder and flipped it. I've been doing tons of IH&S patterns, but missed this one, shoutout @JaviCharts on Twitter for pointing this out! We both posted this at the low of the right shoulder at $80 about a week ago.. Follow me on Twitter @ChartingGuy twitter.com to get trades and chart updates sooner.
BABA - PULLBACKSimilar price actions from April and July 2022.
1. the price hits wall 2 and drops. Retest to wall 1 and rejected.
2. The price hits wall 2 and drops. Retest to wall 1 and rejected.
3. the price hits wall 2 and drops. This current movement is in the process of testing wall 1, if the history repeats expect of -15% movement towards the gap from last Tuesday.
Sell From First Candle 15/09/2014 - 04/10/2022 Low was 423 weeks. Expected bottom at 08/05/2023 a during of 451 weeks from Origin.
423/451 Variation
Vector Magnitude from 28/09/2015 low -26/10/2020 Top = 372.73 units
Time distance from 28/09/2015 low - 04/10/2022 Bottom = 369 weeks (-3 weeks)
Vector Magnitude from 26/10/2020 Top - 04/10/2022 Bottom = 282 units
Price units from 26/10/2020 Top - Expected Low = -279 points (-3 points)
26/10/2020 Top price = 319.32 USD with +262.11 points range
Total points range from Zero= 319.32
1/3*319.32 = 279 points at USD 39.92 price unit
From origin 15/09/2014-26/10/2020 Top = 319 weeks
319*1.4142 = 451 weeks. Use tight SL