BABA is cheap - below all analysts targetsTechnical analysis (daily chart)
RSI(10) @62
OBV on steady uptrend along with the RSI
CCI(10) @100
MACD > MACDsignal
Fundamental analysis
BABA is a buy right now @$177. Well below analyst price average targets of $225. (Over 25%)
Fair value Morningstar note
Our fair value estimate is $240 per ADS incorporates management's full-year fiscal 2020 outlook calling for over CNY 500 billion in revenue (representing 33% growth year over year).
* Meaning... If they achieve this growth, the price target will make sense.
Good luck!
dorfmanmaster
Alibaba
Alibaba Buy Opportunity Alibaba BABA stock has triggered long with with 200EMA as a support. At the moment as long as the stock hold above the 200EMA I will be comfortable with the trade till the Target hit.
You can enter now or wait for a retracement towards 170. Personally Im long from 166 levels from initial signal.
If this has a End Of Day close below the 200EMA and break that candlestick, I would come out early.
For the moment Target is 184 to 189
Stops - 159 or close below 200EMA
BABA- Nice entry point, decent Risk:RewardBABA has been correcting for some time after it's nice surge. Never mind the trade wars, it's showing healthy correction and possible continuation. We have confluence near this point with the bottom of the channel, major .618 (golden pocket) FIB point. Some signs of possible movement upward are: bullish divergence on the 3D chart, TD sequential at 9 on the downtrend, L-RSI bottoming out, etc. The predicted increase to $200+ would put a profit gain of 30+% on a swing trade.
$BABA: BUY when everyone is fearful. Risk lovers only.$BABA has been battered down in the past weeks due to the trade war escalating. But fear not, we now get to buy an A1 company at a discount. I see this as an opportunity seeing that business is still rapidly growing; shown in the May 15th/19 earnings report. With the trade war being the only reason for $BABA's sell off, we will soar to new highs once this trade dispute gets resolved.
How to trade this:
- ONLY buy after confirmation of the support in the smaller time frames.
- Have a tight stop loss.
- If stop loss is hit, wait for the next confirmation at the 2nd support.
- BE PATIENT!
Only trade $BABA if you have an apatite for risk.
Trade analysis, not a financial advice.
Bullish on Alibaba here. In line with channel. I like where Alibaba is in the channel. Bullish medium to long term. But short term could touch that bottom section of the channel. (*However, I think the market flips to positive this week in preparation for the Chinese talks on Thursday/Friday*). This would give Trump leverage with the Chinese more-so than if the market was red leading up to it. Just my hypothesis. I also like Boeing and Netflix for a bounce. BABA
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Ascending Triangle Forming - Breakout In MayWatching this ascending triangle and taking a long position here. Short term PT $194.16. After it reaches the first target, granted market conditions stay the same, I expect BABA to continue on to the last ATH at $211.70 over the next few months. Will be keeping an eye on this one.
Alibaba Elliott Wave Structure Looking for more downsideElliott Wave view in Alibaba (BABA) shows that the stock has an incomplete bearish sequence from 6.5.2018 high ($211.7). The 100% target in 7 swing comes at $88.3 and this view remains valid as far as the stock stays below 12.3.2018 high ($168.8). Near term, decline from 12.3.2018 high ended a 5 waves structure in black wave ((1)) at $129.10.
Above from there it ended black wave ((2)) bounce at 142.57 peak. After missing the equal legs from 12/24 low (blue box) by a few cents.
The internals of black wave ((2)) unfolded as an Elliott Wave double structure. Where it ended blue wave (W) at 138.94 and blue wave (X) at 133.89. Above from there it ended blue wave (Y) of black wave ((2)) at 142.57 peak.
As long as it stays below that level but more importantly the pivot at 146.34 stays intact, it should continue trading lower. The right side is to the downside.
Alibaba is in a clear downtrend. Don't be fooled by perma-bulls.Alibaba is in a clear downward trajectory, and the weekly moving averages would agree with that statement at this time. Currently, price bounced off of a previous zone we saw it wick to back in late October/early November, and price is currently retesting its previous support zone-now-turned resistance around 140. I'm watching the 200 weekly moving average an area for the price to potentially drop down to, and if we continue lower, I'm watching 110, 80-85, 75, and 58 as area's of potential support. As I've said in other posts on different stocks, these short-term rallies/dead-cat bounces are nothing to get caught up with in my opinion. Those perma-bulls on the mainstream media will continue encouraging people to "buy the dip" but to me, that notion is just stupid. We have been on a 10-year bull run and most stocks are extremely over-valued in my opinion and need to correct back down to lower levels. It's basic market cycles ladies and gentlemen. If we manage to get back above (and hold as support) several key moving averages, I will change my stance. For now, I remain bearish .
Moving average guide:
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
BABA Short Idea Hi guys ! Hope you are fine. I post my idea for short positions at BABA with a target of 126$ which is the lower bollinger band and then from there we will see a good retracement until 160$. So the two possible trades is 1.) Short with a target of 126$ or 2.) buy at bottom of 126$ and Hold this giant with the great future income balance ! Invest with wisdom and be carefull guys !