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.
BABAF trade ideas
$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
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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
$BABA ~ Beautiful wave structures...As shown, beautiful EW structures. Although not a fan of ADRs, would invest to fair market value as shown.
BABA Market AnalysisHi Traders. BABA stock price has been plummeted for over two years, since the high around $320 on Oct 2020, right after the Covid-19 recovery was exactly when we notice BABA started dropping steadily.
Well, there are lots of reasons causing the overall Bearish sentiment on BABA, regulatory crackdown, Covid-19, tech crash, lockdown, antimonopoly, and what happened to the Founder recently too.
I intrinsic value of BABA is much worth much more than $80-100, i wouldn't call out the specific figures but let's see if BABA will recover in the coming half year - 1 year period.
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What's out as $BABA is breaking out of its long term resistance!$BABA is breaking out of its huge falling wedge. Is it ready for a bullish turnaround? Let's see!
BABA - Downward channel breakout confirmationBABA fundamentally undervalued, will be making use of breakout and investing in JAN20 $150 calls
Will this be the end?NYSE:BABA
Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume was just a tiny bit under average. Maybe this is the beginning of something enormous.
Please watch my related article about channels, at the related idea section. To learn more about this intriguing chart pattern.
Curious about your point of view.
Let me know!
This is no financial advice
Alibaba (BABA, BUY) Solid F4Q; Now is the Inflection Point
We are upgrading our rating from HOLD to BUY and maintain our PT of $130 as F4Q results beat estimates and we see F1Q (June quarter) as the long-awaited inflection point for the company. CMR was flat y/y in F4Q (vs. -1% in Dec. quarter), despite a low-single-digit decline in GMV due to disruptions in supply chain and logistics in March. Cloud revenue grew 12% y/y, decelerating 8pts from F3Q due to macro weakness and COVID. Global AACs reached 1.31B, adding 30M sequentially, with 1B from China. Mgmt. indicates that June quarter will be more challenging as a result of COVID resurgence and lockdowns. In April, total revenue declined low-single-digit;China retail marketplace GMV declined low-teens due to supply chain and logistics disruptions, with May improving but still not fully recovered. Given the macro uncertainty, BABA is not providing revenue guidance for FY23. Repurchased 17.8M
ADSs for $2.0B during the quarter.
Despite the more challenging June quarter, we are upgrading BABA to BUY as we believe both revenue and profitability will bottom out and hit a long-awaited inflection point in the quarter. With government's stimulus policies kicking in and an easier comp, BABA's revenue growth and margin should start to improve in the 2H. In addition, BABA is trading at 11x CY23E earnings, significantly lower than the fiveyear-average of 22x. Although the stock's growth thesis has been muted since 2021, we see positive earnings revisions and valuation improvement in the coming quarters. NYSE:BABA
$BABA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BABA after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Channels and TrendlinesIn this video I offer a tutorial on how to identify and draw channels, trends, and trendlines on various timeframes.
Channel DownBABA appears to have fallen from a Head and Shoulders pattern quite a while back and has been in a long channel down. The head and shoulders is easier viewed on a weekly or monthly chart (posted below). The Head and shoulders top is a large structure and price has hit the 100% fall mark and continued down to the 1.113 of the pattern. The 1.272 and 1.618 fib levels are marked below price.
A channel down will continue down as a rule unless price breaks the top trendline of the channel which may be a buy signal, or the bottom trendline which would be a sell signal. Price has been zig zagging back and forth between the two trendlines for a long time with breaking either trendline. This has caused a slow, but steady decline.
No recommendation.
Short percent is 1.47% depending on where you look.
If price continues in this regressive channel, price could go much lower, especially if it does not bottom out at the 1.113 where price stopped the last trip down to the bottom trendline.
