$BABA long term uptrend still valid or not?NYSE:BABA
The uptrend support line since the year 2016 is tested. Although it outshoots by a bit due to china news, it rebounds strongly back into the uptrend.
With a stable earnings report just announced, plus a lot of new reinvestment done by the management to further increase their revenue, the next few quarters could be quite interesting.
If the price can stay around here with a higher rebound, it should prove the support is still valid.
Anyway, anything can happen. Let's see.
Alibaba
$BABA Earnings week and Chinese volatility (Fibonacci edition)Hello my children of the night!!!
I dunno, just trying stuff out. Anyway, moving on...
$AMZON missed earnings and tanked last week. I'm betting $BABA will do the same this Tuesday, especially given the uncertainty around Chinese stocks and regulation.
I used trend-based Fib retracement and extensions to guide my projection, and of course, my patented "Marijuana Cloud" method foreshadows the pre-ER run up, followed by the post-ER dump.
What do you think? Kiss 200 before dump to 180?
Let me know in the comments below, my children of the night!
Still weird? Okay. Sorry. Just wanted to make sure.
Bye.
BABA case study: Resolution of 200 days correctionToday we want to share our conclusions about the resolution of huge corrective patterns on BABA. One of the key aspects of Technical Analysis is to take advantage of anomalies in historical data; in other words, take advantage of situations that present some degree of repetitiveness to create a probabilistic scenario in our favor, where risking our money is worth.
In this case, we observe that after 200 days of correction, there is a specific sequence for bullish continuation movements.
1) Breakout of the structure
2) Clear Throwback (retest of broken structure) another characteristic is that the correction is very steep
3) The breakout of that correction represents a great opportunity in terms of risk-reward ratio if we set our stop loss below that pattern
Past behavior is no guarantee of future behavior, and bla bla bla.... That's absolutely true; however, if you are not in favor of the Efficient Market Hypothesis, you can see that there are subtle patterns in price data that we can take advantage of, not by saying, "This or that will happen, but by trying to get exposure to a specific pattern several times (taking the same trade 10 times), that way we can start observing an edge.
So, final conclusion in this case study: Now, we will comfortably sit in our chairs, and we will not do anything until the filter we have defined happens. If that's the case, we know exactly how we will trade. If the filter does not happen, guest what... We don't trade; there are more than 2000 stocks that you can wait for a BEAUTIFUL and PREMIUM scenario.
Thanks for reading!
China BigTech - KWEB ETF☝ KWEB - ETF of Chinese tech giants. It is traded on ARCA, but managed by a Chinese bank, so there is no threat of delisting.
Price is at the bottom of the channel. Most likely it will be a bottom and there will be a reversal up at least 50% towards the resistance line of $70 by February 2022. The upcoming bullish reversal is confirmed by the MACD-histogram, which is already in a bullish divergence.
However, in February 2021, there was a 19.83% move up from the channel. Such a pull-out can be repeated down to the $40 support line.
Not a financial recommendation.
GET RICH OR DIE TRYIN
$BABA at levels of high value.
Alibaba Group Holding Limited (BABA) , also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
It is currently at prices from 2017-2018 and pre-Covid. It has retraced about 45% from its record high which puts it in a deep bear market. Current Fair Value , according to DCF, is $301.
The Technicals show the following:
1) Bollinger Bands show that it is overextended to the downside by 3 standard deviations.
2) The Volume Profile , which measures volume by PRICE , shows that since its IPO, this price level here is where the most VOLUME comes in. This can be translated to, these levels here is were investors find value in the stock.
3) The RSI on the Daily show that it is grossly oversold.
Buying China Stocks here will require mental strength as bad news continues to circulate the Media. This can be compared to the Covid Crash of 2020 where the market took a tumble and the media made retail feel as if the market had no bottom. At the levels that most retail sold was actually the levels to buy. Famous words by the great Warren Buffett when he says "Be fearful when others are greedy, and greedy when others are fearful." Chinese stocks have been in a bear market for over 8 months while companies like Alibaba continue to bring in Billions of dollars in revenue.
We must learn that a stock price does not always reflect the value of a company; it is our job as investors to look for and find that value in the market. For now, it seems as if the long term value is here in Alibaba.
Alibaba- An Elliott Wave approach. Feedbacks are appreciated.For now, the price has bounced off from the golden level of wave 1 of current degree. But this might be wave 1 of one larger degree which has just finished. So need to observe what the price action does in the coming future. If the price breaks the level of b, then we can add on the position in our previously entered position at the successful breakout of the wave 4 of micro degree. You can put a tight stop loss below the current low and re-enter or just ignore as per the future price actions or wait till the wave count completely gets invalidated to get stopped out as per your risk appetite. Normally entries are done in the retracement after successful breakout of the last high. there is also positive RSI divergence across the latest lows.
Please correct me. I would be more than happy to learn from you.
Happy trading.
BABA the Asian King is coming backNYSE:BABA
Bet on the good stock with low risk!
The we need is
.
30 - 50% return in recent years!
For what it’s worth, it’s never too late.
Hey! how many times you shop and search for some deal in the Lazada app? within the Covid-19 struggled you at home.
In Europe and America may not many... but if you are an Asian guy I believe that you open this app bold right now.
Well, Ecommerce is not a new thing but cloud services are hiding from the majority perspective. It's growing up and profitability for the next BABA.
OK don't talk so much.
Buy it or not, you decide.
$BABA buying the dip*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: My team has been following Alibaba for the past few months. We originally entered $BABA on 5/27/21 at $207 per share. There is no denying the massive oversell of BABA. After correcting from its 52-week high of $319.32 $BABA now sits at just $21.22 per share. $BABA is a GREAT stock going forward and we absolutely believe that it will be trading in the $300 range before October.
Today my team has placed our 3rd buy order on $BABA at $210 per share.
We're long.
FIRST ENTRY: $207
2ND ENTRY: $220
3RD ENTRY: $210
TAKE PROFIT: $265
STOP LOSS: $203
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Accumulation Breakout for Alibaba GroupAnalysis Forecast:
Price Trend Turned Bullish
Analysis is for:
US Market
Short-Term Trading
Tactical Single Stock Allocation
Supporting Technical Observations:
1. Breakout of Downtrend (Supply) Line
2. Breakout of consolidation Base
3. Fund Flow Index (FFI), turned positive
1st Technical Target
US$250.00
Why this Level?
1. Key Supported turned Resistance Level
2. 261.8% Fibo Level
3. Whole Number
Incorrect Analysis if Level Breached:
US$204
#Alibaba wedge breakout attemptHey listen up my friends, #Alibaba #baba is attempting to breakout. My first take profit is 245 my second is 275 as there are strong peaks there, after that we likely test all time highs, this play is a week or two long play, options are cheap, scoop them up. Obligatory this is not financial advice yada yada.
Alibaba Breakout + SeasonalityBABA broke out two days ago, with above average intraday volume.
OBV is confirming slight positive trend.
Taking a look at seasonality:
We are entering July, which has been THE best performing month in the past 8 years.
BABA has closed higher than it opened 83% of the time in July, since 2014.
Approximate Potential Target ---> $275
$BABA Still waiting!BABA ended the week strong with heavy call volume near Friday's close. Since last time I charted BABA, it dipped into my buy zone near the fib level and bounced fast. Notice how it bounced off the Oct VWAP from last year. Also notice how the weekly high is the 21 EMA, which is telling of this swing. Without an active sequence, it will be hard to tell as of right now if this is the bottom. It wouldn't surprise me if BABA went even lower to test last year's price range between 165-190, and I would be wary of going long here still. I will continue to watch BABA, hoping that it can show strong indication that a bounce is in on a strong Fib level and bouncing off the lower VWAP. So far the monthly low continues to be 204, right at the Fib level. Below 204, we can consider it a short term correction looking for lower prices.