9988 trade ideas
ALIBABA Rejected on a huge Resistance cluster. Levels to watch.The Alibaba Group (BABA) is pulling back after being rejected not just on the 1D MA200 (orange trend-line) but also at the top (Lower Highs trend-line) of the Falling Wedge pattern holding since the October 20 2021 High.
This is a huge Resistance cluster as the RSI on the 1W time-frame also got rejected near its 54.00 Resistance. Technically, if the 1D MA50 (blue trend-line) breaks, the stock can test the 58.15 Support, even make a Lower Low on the -0.136 Fibonacci extension.
The MA trend-line that has been unbroken the longest (since February 25 2021) is the 1W MA50 (red trend-line). As a result, if the price breaks above, naturally it will be a break above the 1 year Falling Wedge too, it should restore the bullish trend on the long-term. The first target in that case will be the previous High at 126.20.
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Alibaba (BABA) Update 12/20/2022
Stock may have shown a loss of momentum after it started an upward trend in October this year.
ALMA11
ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of rejection happens.
Alibaba Analysis 19.12.2022Hello 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!
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Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
BABA | But the Fear | OversoldAlibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a self-operated retail chain; and Tmall Global, an import e-commerce platform. The company also operates Taoxianda, an online-offline integration service for FMCG brands and third-party grocery retail partners; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database and big data, and IoT services. Additionally, it operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; and Tmall Genie smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.
BABA AnalysisPrice has been playing out nicely accordingly to analysis so far. Price took quite awhile to reach the target at bearish POI at 94.95. After mitigation, price reacted strongly to the downside, breaking minor market structure. I'm expecting price to continue lower following the order flow, and to mitigate the bullish POI at 78.85.
COVID Zero Softening ? $BABAI'm following $BABA since a while for now and I think that is one of the biggest companies in the sector. China has a lot a potencial but we have to achive some millestones before we breakout this endless falling we're suffering. I'm LONG $BABA from this point. Perhaps until 85$ where the POC developes.
Oh HelloBaba broke the downtrend channel which is a good sign.
Will need to go above the 200MA and use it as the next support, but having said that there are numerous of down gaps to be filled and act as resistance.
Clearer sky if we can break 116, but as for now need lots of momentum and helps from the CCP.
Alibaba - China beneficiary Alibaba - Short Term - We look to Buy at 87.66 (stop at 79.09)
Broken out of the wedge formation to the upside. Broken out of the Head and Shoulders formation to the upside. Neckline support is 85.91. The formation has a measured move target of 113.48. Further upside is expected although we prefer to set longs at our bespoke support levels at 87.66, resulting in improved risk/reward.
Our profit targets will be 113.48 and 120.70
Resistance: 94.84 / 104.85 / 120.70
Support: 87.60 / 79.86 / 75.88
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Bullish on $BABA towards higher priceBullish on $BABA towards a higher price
- Possibly the end of the bottom-up arrows (the blue ones)
- Possible $186-189ish to target to start with?
I am a bargain hunter.. I do not believe the world going to die. I believe the market never dies! Go #BABA . Make baba great again!
BABA Looking Bullish???NYSE:BABA
First timer here, sorry for the poorly looking chart, but I think we can see some positive movement over the next month. Possibly to the $85-$90 range.
We look currently in the process of forming the top of the right shoulder in an Inverse Head and Shoulders on the way back to the neckline $85-90 range.
We also look to be in the bottom of a forming handle to a Cup and Handle on the 4HR.
Bullish RSI at 52 showing we're still in a positive trend
MACD still in bullish favor BUT does look like it's weakening
Still above the 20MA by about $5
Any advice, opinions are gladly accepted.
ALIBABA downtrend finally broken It has been a really rough year for Alibaba. It was straggling to get out of that 12 months downtrend. It is finally out of downtrend. There is a small resistance around $90 zone, once we break that, $103 will come so fast. I tried to make the chart so simple so everyone can understand. You are welcome to argue but pls be respectful. Enjoy
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!
Covered call on BABA againBAG HOLDING on this one for sure. But I do believe the bottom is in. IT SHOULD BE. Looking to continually lower my dollar cost average by chipping away. I actually wouldn't mind being called away at $120!
Could be a GREAT trade, even if you are new to getting into this stock. I sold the January expiration and got filled at $1.20