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BABAF trade ideas

BABA is in the process of bottoming outEven though BABA stock' price ongoing bearish bias still persists, however there are some signs that the stock price is bottoming out signaling a possible bullish trend toward 125 by the end of Jun 2023 and possible move toward 245 by Mar 2024. While supports are seen around 73.2 and 80 however downside risk which is a fall in price toward 58 cannot be ruled out at this volatile environment. Supports=73.2 and 80 (almost 5 to 15% down from the current price) Targets=125 , 245 (almost 45% upside from the current price) Downside risk=58 ( [almost 30% downside from the current price)
NYSE:BABA
by Quantific-Solutions
Baba So yeateday we were discussing long on baba at 83.70. I did take this long idea and put my money where my mouth is Now my idea was a backtest of previous hourly range reistance flipping to new support. We got that wick down 10-20 cents below my buy but premarket we are up into the previous support of the bearflag considlation before the last drop. So my first reistance unfortunately is far above my entry. Howver I will wait to see how price reacts. The key reistance of yes stay was very clear 85.30 was rejected twice x Even after the market sell off after FOMC baba barely fell only from 85.30 down to the support but the trend wasn’t broken. This was a great sign for baba compared to some stocks that were slammed hard, like spy from 401.70 down to 392 support. That also held a solid support even in that drop which still can be a bullish look as long as that contiues Now for baba, if this can get a pull back to 85.30 and backtest and hold this will be the next potential idea for a bounce zone. If that fails 84.11 is a support to watch but I think an 85 fail would be a bit worst of a looks If we can remain strong and control this 86:87 level then the top of the green box above is 91.30 and the bottom of the box is 88. 30
NYSE:BABALong
by Erictaylor
BabaInteresting chart. 83.80-84 was previous clear reistance. We popped it finally. We couldn’t clear and hold 85.30 as support so that’ll be the key reistance above here to watch but as we come back in will baba backtest and confirm 84ish as support before a beautoful bounce up towards 87-90 areas? That’s the trade I’m watching for. I played the pop this morning and had to close out close to 85s as we lost momentum. But I am getting close to pull in another long trade here soon. Let’s see how the feds response and market response to the feds is but watch baba
NYSE:BABALong
by Erictaylor
Should you be concerned about falling price of your stocks?Well, the answer depends ! If we take a look at Alibaba shares, we can see that it has reached its 52 week low at 60.25. But Alibaba is more than an e-commerce store with diversified investment in cloud infrastructure, retail, internet and technology. We all know about the disappearance act of Jack Ma and how he vanished into thin air after the last public speech years ago. Rather than speculate what happened to him, we need to understand he has long relinquish his controlling position in Alibaba and let the executive directors take charge. It's latest better than expected Q3 results have started once again to whet the appetite of many international investors and fund houses to go LONG on this company. So have I. On the other hand, if we have to compare, i would say Amazon comes close in terms of its e-commerce part of the business but look at the chart. It is still within the bearish trend and has some time before we see it break out. There is a saying that buying China stocks is RISKY because you never know what the CCP will do - look at the educational listed companies that plunged more than 90% in share price within the day. Strictly looking at the business part of Alibaba, I believe it has strong financial standing with tons of cash to funds its R&D and also it is usually in the forefront of technology. Not forgetting there lies a possibility of Ant Financials IPO. That could give Alibaba the catalytic boost it needs. More importantly, if we are not peaceful over short term price volatility and constantly watch the price action, it sends nothing but frustration and anxiety to us. Then, it begs the question of WHY are you buying into this company in the first place ? Is it FOMO ? Is it some hearsay? Did you do your own due diligence ? If yes and the business has not deteriorate in any way, shouldn't the price drop be seen as a good chance to accumulate ? I have also shared about my thoughts in diversification. Buying solely into one company does carry more risks than a basket of tech stocks like ISHARES TECH or PNQI ETF. The latter strategy works best for those who have limited capital or recurring capital to top up each month. Do not look at the stock market as some form of lottery ticket wins and you will be much better in years to come. Of course, this represents my view and it is not to be construed as a buy/sell advice. Please DYODD. P/s: I am vested in both companies at time of writing.
HKEX:9988Long
by dchua1969
4
BABA | Lets Get It! | LONGAlibaba 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.
NYSE:BABALong
by DivergenceSeeker
5