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BABA trade ideas

ALIBABA ($BABA): Technical Analysis on daily chartHi everyone! The main trend of $BABA is bearish on the daily chart, but most of the bearish momentum has already been worked on by the market. Having said that, even in the short term I remain bearish at least up to the support area, from there I cannot exclude some Reversal Pattern (see chart below). If this happens, an update to this analysis will be necessary because before trying to take a long position I want to wait for at least one clear signal (for example, an impulsive structure on the hourly chart). POTENTIAL REVERSAL PATTERN If we look at the Daily Chart, the support area could turn into something like a Right Shoulder of a potential "Inverted Head & Shoulders". Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
NYSE:BABA
by TheAnonymousBanker
9988|Alibaba Wave Projection | Bullish Divergence - Rebound?Price action and chart pattern trading - Minor downtrend ending diagonal pattern with MACD bullish divergence > A possible wave 4.3 minor downtrend wave at the lower support 0.786 extension of wave 4.1 and upcoming rebound wave 4.4 to 0.382 - 0.5 fibonacci retraced from wave 4.3. > Target upside +10 - 12% while downside is -6%, RRR: 1.5:1 > The final downtrend wave 5 could be slightly below Target H&S zone. Always trade with affordable risk and respect your stoploss, nothing is 100%
HKEX:9988Long
by dukeposh
1
BABA weekly chart make or breakOn the weekly chart, BABA is currently forming a bullish reversal pattern known as an inverted head and shoulders. However, it is also at a critical support level that needs to hold if the bulls want to continue the uptrend. The $85-$89 range has been a strong support and resistance area in the past and needs to act as support now to propel BABA higher. On the bearish side, the January high was a lower high, which could be interpreted as a bear pullback with targets around the previous low or even lower. Furthermore, the increasing volume on the last week's big drop is more bearish than bullish, and the price is below all major moving averages, indicating a bearish trend. Although the RSI has cooled down and is ready to go up again, the MACD green ticks are ticking lower while the MACD line is turning, and it seems to be on the verge of crossing below the signal line. Overall: BABA is in a situation where the bulls need to step in, or the stock will experience further pain in the coming weeks or months. The price is currently at a crucial support level, and it needs to hold to initiate an uptrend and possibly trigger the inverted head and shoulders pattern. If the price breaks above the January high, it would confirm the pattern as there is a neckline. However, if buyers do not step in and sellers continue to sell, the stock will experience a bearish pullback, and it may drop to lower levels. Additionally, $60 is a significant low from 2015, 2016, and 2023, and it should act as a support level. If this level does not hold, BABA may test the all-time low (ATL).
NYSE:BABA
by Consistent_Trades
BABA (Long Swing Idea - trendline bounce, fib retracement, S&R)Trade Rationale: BABA is looking great for a 2 to 4 week expiration Options Call swing play. It is currently holding a previous resistance turned support area between $100 and $103. In confluence with this level, BABA has also completed a fibonacci retracement back to the 50% level almost perfectly. It is also holding the 200 ema on the 4H and Daily timeframes in confluence with the formation of a falling wedge and 3rd touch on the current uptrend support line (created from the lows of the Oct 24th and Nov 9th daily candles). While we're at it, let's go ahead and add in the bullish divergence on the 4H and Daily timeframes. NOTE: There are currently 4 gaps on BABA's chart right now, 2 above current price and 3 below current price. Trade Idea: I am looking to play calls with at least a 2 to 4 week expiration date with a strike price of 107c (Targeting the first gap above current price between $106.63 and $107.79.) The more time on the contract the less THETA decay eats away at the value of the contract. Also consider a contract with a breakeven close to your target as well as an options contract that doesn't have high Implied Volatility, because if IV slows and begins to revert back to the mean value your options contracts could still loss value from IV crush. Basically control for the effect that the options greeks will have on your contracts to maximize gains and minimize losses. My ultimate take profit is at the origin of the falling wedge which is also the beginning of the second gap above the current price between $113 and $116. I will look to place a STOP LOSS (Exit Trade) below $101.87 and 100.53 and will exit if a daily candle closes below these levels.
NYSE:BABALong
by Stockstradamus_
2
Baba looking for a bottom again (potential bullish long term)The falling wedge has played out with an extension and we have now hit support so a short term bounce is likely. We still have a gap to fill and potential support levels to test should we fail to rise above the longer term Inverse H&S bottom for now (this pattern remains valid should we remain above the all time lows during this correction). Ultimately, expectations are for a move to the 180 level once current broader market weakness and correction plays out. Looking to take this long trade once the next support level is tested. Not investment advice and do your own due diligence!
NYSE:BABALong
by WavesPatternsCandlesIndicators
BABA Alibaba Options Ahead of EarningsIf you haven`t sold BABA when Charlie Munger did: or reentered when it was cheaper than the IPO: Now looking at the BABA Alibaba options chain ahead of earnings , I would buy the $110 strike price Calls with 2023-8-18 expiration date for about $10.20 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. I have chosen that expiration date to allow me to be wrong and not close the position and to have a bigger gain by the expiration date, if BABA Alibaba keeps on climbing. Looking forward to read your opinion about it.
NYSE:BABALong
by TopgOptions
6
BabaAfter a great move to the upside a month ago baba has non stop been selling off. Starting to slip off peoples radars or at least mine. We’ll now that I’m finally coming back to it I’m reaizinf how bullish this chart is ! I think if we can start piping above 105 we can see this bull trend start the next leg to the upside ! This will be a monster idea to start to pay close attention to!!! Looks like we curently just rejexted off that upper trending line so next support down can still make a new low. Mabey that 100$ psychological support will be the area to buy. Next fib down is also 97 but I think that would be a bit low for this specific trend line drawing. Howver if we do get there I would reevaluate this idea and pattern drawing. For now watch 100$ support and 105 reistance !
NYSE:BABA
by Erictaylor