BABAF trade ideas
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: Sell ideaSell idea on BABA as you see on the chart because we have the breakout of vwap and support.Thanks!
$BABA Inverse Head & Shoulders$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.
BABA AnalysisPrice did not play out as analyzed last week, and has broken multiple structures to the upside. I'm expecting price to potentially target the bearish POI at 121.30 next. Price could also do a bearish retracement into the fair value gap at 92.06 before continuing higher.
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
BABA Bullish Weekly SetupNYSE:BABA
A bullish engulfing candle on the weekly for BABA. Going long above $85
BABA: INVERTED HEAD AND SHOULDERS PLAYThis is Alibaba daily chart.
Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a good bounce zone for a short/mid term trade.
Trade safe!
BABA looking bullish again 🚀 local downtrend broken, watch for break of pivot level/round number resistance @ 100.
potential upside targets are still 124-141-171 🎯 boost and follow for more
BABA: Buy ideaBuy idea on BABA as you see on the chart because we have the breakout of the resistance line.Thanks!
Watchlist 2023-03-29 $SPY $LULU $BABA $VKTX $SCS $AUPHSPY - had a very tight range day but without too much volatility allowed for moves in names like BABA and VKTX. Gapping up this morning back into key resistance areas, SPY will have trouble making it through these levels without any catalysts in the near future, however, as volatility drops in the banking sector it seems fears of a widespread economic collapse have eased, which gives room for the relatively strong tech sector room to move.
Remember, for a trend day we'll need to see the $ADD pinned near +\-2000 and $VOLD ratio over +/- 3 and $TICK cumulating past 0 wicking to +/-900.
$LULU - stock soars 13% on revenue, earnings beat, and better full year guidance. Up 6 ATRs which is far too much in PM trading but with a triple beat on 2 RVOL, we are not looking to short this name. Looking for support at 360 or 350. Need to see support in the form of a double bottom or Rev h&S on the 5 min for confirmation.
$BABA - expecting a range bound day. Support is 96 and 94. same rules apply as above. Likely will need a few days of consolidation before a test of 100 again.
$VKTX - has potential to keep grinding higher as it finished at the HOD and has more room to ATHs. Looking for support tests of 14.5.
$SCS - a previous watch a few days ago. It's now broken and tested the 8.35 level looking for a break above 8.80. Will need to see vol come in on the break as PD was fairly light.
Other watches:
$STM - BO over 52.25
$AUPH - looking for support test of 10.65 or 10.40
9988 | Alibaba - Wave Analysis | Inverted H&S TFW Target +100%Wave analysis and chart pattern projection:
> A possible valid inversed head & shoulders pattern in weekly timeframe, potentially 2-wave correction and rebound to retest the neckline resistance for a strong breakout.
> TP Inverted H&S @ 1.618 and 2.0 fibonacci +100+%
> MACD doubled bullish divergence signal golden cross above baseline indicating bullish move.
ALIBABA On the 1D MA50. Closing above = $120.Alibaba Group Holdings (BABA) hit today its 1D MA50 (blue trend-line) for the first time since February 16. In the past year, every time the price closed a 1D candle above the 1D MA50, it soared to at least 120.00 which is the bottom of the 1 Year Resistance Zone.
This time the stock is past a 1D Golden Cross pattern, the first such formation March 18 2019, which is technically bullish. What it needs to avoid is closing below its Higher Lows trend-line, which on September 16 2022 kickstarted a strong sell-off.
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$BABA - UpdateJust picking up on a previous analysis linked to this one.
1. The long term downtrend, neatly captured by that downward sloping trend line, came to an end with that decisive, above-average sized bullish candle back in November 2022.
2. Price driven towards the proximal resistance are drawn for historical thresholds in this market.
3. Price rejected by that resistance level and driven back to the new support area with a bearish candle displaying volume divergence signals.
4. Market currently forming a hammer candle inside the value/support area ... which might as well be a trigger for a bullish trade targeting 1stly the resistance level mentioned before, and 2ndly the 50 EMA, should the price break above the upcoming obstacle.
Manage risk at all times, at all costs.
Cheers,
Ruben / Tenacious Tribe - Backtested Trading Strategies & Studies
baba broke out NYSE:BABA Broke-out of double bottom , we got retest for the neckline and now watching for upside continuation . 84.5-85 Must be held for target validation . Also if we hold the bottom and we range to 126-127 level we might get inverse head and should with target above 200 .
$BABA potential Inverse head & shoulderNot financial advice.
$BABA potential Inverse head & Shoulder.
Be cautious on this one since it already gapped up overnight so it might retest before continues to finish the right shoulder formation few gaps on the red to the upside.
please #like and #subscribe
Thanks Alex!
BabaWe’ve been talking about baba for a little while now. We finally are seeing it breakout abive an beyond my green box range. We are up at some resistance from a previous bear flag range before drop The green box has top toes tanks 90.90 and bottom of box is 88,30s. This 88$ level was big reistance we tested 3 times and failed each time. I would love to see baba come back and rest that. If it can test and hold It would be a great spot to take a long. If it doesn’t wanna come down to the 88, we could watch 91 area as well
If we come down below 86.50 , this idea of us continuing to move up, is probably a fake
