BABA GapNice gap play opportunity.
Nice and strong support at 108.30 / 107.80 . If we lose that support, there is a change price will accelerate to the downside to fill this gap towards 104.42
BABA trade ideas
#BABA Chart Levels#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103.
#TradeIdeas #Watchlist #TechnicalAnalysis
BABA is going for a solitary run.I am not a fanatic of BABA and to be honest, I was waiting for it for around 60$, but this last next week BABA has shown strength in one of the worst times ever for the markets when usually this stock down performs always NDX.
This last week BABA broke the channel that it has been into since historical maximums.
Not only that, but the price was minting and has broken decisively above, backtesting the level and losing just 0.3 percent as the NDX plummeted 3% when it would have ordinarily fallen 9 or 10%.
It has not only broken the channel but is also above an important level with a volume below it, indicating that we might consider purchasing (for a stretch, not in the long term).
It's too early to predict what will happen to BABA, but since China is pouring money into its market as if it were free, it's likely that BABA draws something like shown in the chart.
A stock that has gone poorly in the last year is showing now a lot of divergences. If the scenery is correct (let's see that the price does this next week in order to validate it) It may be a 50% change from the present price, which is significant.
Alibaba Better DaysThings for Chinese stocks appear to be improving following the approval of Chinese companies to the US Securities and Exchange Commission. The truth is that the Chinese stocks were under a lot of pressure and that they were quite undervalued. On the other hand, they were paying for the country's risk. It seems that the page is currently turning in their downward direction...
$BABA - [High Risk] Long Entry Setup [Weekly]$BABA's technical strength is improving in the weekly chart. Some of the key things to look at:
Improving relative strength to SPX. It started falling in-line with SPX several weeks back (horizonal RS line) and has been outperforming SPX in the 70 trading sessions (upward slope RS line).
Breaking out of a descending parallel channel.
Breaking its weekly 30 EMA down-trending EMA.
Strong accumulation volume seen on weekly charts around the $80-90 price area.
Relative strength of the Chinese Tech Index. (Not shown in the charts).
All of these factors coupled with macro indicators like China reporting the lowest inflation figures, and loosening of crackdown on Chinese tech by the Government make for a LONG entry case for $BABA.
BABA Potential for bullish momentum | 10th June 2022On the H4, with prices moving above the ichimoku indicator and price breakout from descending trendline, we have a bullish bias that price will rise from our buy entry at 108.94 where the horizontal pullback support is to our take profit at 128.03 in line with the swing high resistance, 100% fibonacci projection and 78.6% fibonacci retracement. Alternatively, price may break entry structure and head for stop loss at 101.38 where the horizontal pullback support and 50% fibonacci retracement are.
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ALIBABA will rise again ??One of the biggest fall that ALIBABA has experienced is the recent one which is about 500 days+ and over 70% the market has chased. There are few support lines left which can be a golden chance to buy if the project turns to blockchain technology.
Please like share and comment
Ali Baba the market will increase so we buy the market,if it fall under the support we get out from the market.
Alibaba lift off !! Alibaba
Short Term - We look to Buy at 102.52 (stop at 92.78)
Dip buying offers good risk/reward. Trading volume is increasing. Previous support located at 100.00. Trading close to the psychological 100.00 level.
Our profit targets will be 138.58 and 164.00
Resistance: 120.00 / 138.50 / 180.00
Support: 100.00 / 83.00 / 73.51
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Baba trading ideaLooks like Baba broke the long term downtrend line yesterday. Here is my simple trading idea base on simple indicatiors (Moving average (MA) + Support/resistance level + William %R).
This is applicable if you are a long term investor, looking to average down your holding.
Potential buy = Near support + Wiliam %R below -80% (+ BONUS if touches any MA; 20,50,150,200)
Potential sell = Near resistance + William %R above - 20% (+ BONUS if touches all time high)
ALIBABA downtrend finally broken Alibaba downtrend finally broken. After 19 months( yes 19 MONTHS) Alibaba finally managed to break that downtrend. Pay attention to yellow line. I expect to see $140 very soon.
$BABA out with a 35% gain! 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: On 5/19/22 my team purchased shares of Chinese online and mobile commerce company Alibaba $BABA at $88 per share.
Our initial take profit was $118. We sold 1/2 at $117 and the rest several minutes ago at $121 which brings our take profit average to $119 for a 35% gain!
Congrats to those of you who took this trade! We sold out but our overall consensus for $BABA remains bullish! Good luck to longs!
Our Entry: $88
Take Profit Average (HIT): $119
If you want to see more, please like and follow us @SimplyShowMeTheMoney
BABA: Bottom's in, now what?The bottom formation is confirmed with rising Accumulation/Distribution and a nice, controlled base at the low. This is evidence of a Dark Pool Buy Zone, aka accumulation zone, where bargain hunting has occurred.
But a bottom formation is a sideways pattern first, before it becomes a sustained uptrend. Resistance overhead is strong, so swing traders should be planning their exit strategies at this time, to get out soon profitably if you took the trade as it moved out of the base. Position traders will have stronger entries with lower risk when bottoms breakout to "complete."
We have a market that is range-bound for most stocks, most of the time, which can be a difficult market for KEEPING profits.
Bottoms provide some of the most lucrative trades, but it's important to follow a set of rules according to your intent for the trade, to get the best results. You can learn more about this at my website.
BabaUsing this line chart we can actually see pretty clearly how once baba broke above this downward reistance which for me lands around 104.45 area s that was the 200 ema on the 4 hour and 100 ema on daily. We saw price rip to the upside, but we can clearly see this 117.70 area was a tripple tap rejection previously and here we are back at the level. We struggled on 112 for a little but it enough to call it support. 108.80 was a level in premarket that stood as some reistance as well but 101 was the ultimate reistance that once we broke we Took iff. Downside areas we could look to buy on the dip that seems like it’s around the corner. 108.80-107.80 range. and 101-104.45 which is a bigger range
$BABA china fights to boost economic growth 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team purchased shares of Chinese online and mobile commerce company Alibaba $BABA at $88 per share. Our take profit is $118, which is a 34% increase from current levels.
The Chinese economy is desperately in need of a boost. A cut on lending rates is expected to be announced tomorrow. This will boost credit demand and take some weight off of the economic slowdown due to COVID-19 interference.
Good luck to all!
Our Entry: $88
Take Profit: $118
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Baba is on watch...You guys are to kind. I have met some of the coolest people on here. Thanks for all the cool things you guys said. Baba was brought to my attention by someone yesterday. I have an alert at 116. If 116 does not hit by tomorrow, I dont know and dont care about it if that alert does not trigger. But if that hits say by tomorrow morning, I think I have no choice but to go short. I would then expect Uncle Jerome to deliver a blow to the market on Friday. I think he speaks and he will become the reason for the drop. QQQ.. seeing if we can hit the 316s...
BABA weekly breakoutNYSE:BABA
Here we see BABA with a breakout of the weekly supply line that has been holding this stock down for so long
could this signal a reversal for china stocks?
either way this ticker has been at a low risk area for a while now and it looks like it is gaining some momentum despite the current market conditions.
let me k now what you guys think in the comments ! thank you everyone!
happy trading !
Alibaba: Has the Tide Finally Turned?Chinese stocks like Alibaba have been under pressure for the last 1-1/2 years, but now the tide could be turning.
The first pattern on today’s chart is the high-volume bullish gap on March 16 after officials in Beijing took a more supportive approach toward financial markets. Notice how BABA never revisited the prior lows in the two months following the jump.
Second you have the falling trendline and 50-day simple moving average (SMA), which the e-commerce giant appears to have broken.
Third, BABA managed to close yesterday above its $103.52 high from April 29.
So, you have a higher low in mid-May and now a higher high in early June. The stock is no longer making lower lows and lower highs. Is the downtrend finally ending?
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Covered call on BABASelling a call $25 higher than stock price now. This covered call will have two market closing days baked in AND it's above the 200 sma, less than 6 weeks of time AND I get paid more than 1%. Buy low, sell high.
an opportunity on the horizona nice bounce of the 45 degree angle on the weekly chart from zero just so happened on day 500. china is also loosening credit conditions while the rest of the world is raising rates. these three things make me think the bottom is in.
important thing to watch is if it can get above the incoming angle. a weekly close above 106 will be confirmation.
angles from zero are sometimes the only way to find a bounce and very few people know about this concept.
BabaSitting here testing that same downward Chanel upper reistance. 4 hour 200 ema lands around 104.28 if we did get a rally up to there I expect rejection. However for now this downtrendinf reistance lands around 102.60s I am in a short cureently. Have orders to buy more in the 104.28 range as well
If this breakout holds its over for BABA shorts 🦉SBUX breaking local trend resistance mentioned in previous analysis, finally bulls are gaining control!
lets target 114-132-150 in the short to medium term now.
BABA Pivotal Trend Channel TestIn this update we review the recent price action in Alibaba and identify the next high probability trading opportunity and price objectives to target
