TomProTrader
Long

BABA- Bottomed Out, Plenty Of Reason To Buy

NYSE:BABA   ALIBABA GROUP HLDG LTD
205 5 1
BABA is looking like a buy opportunity. A gap above 89.47 makes this 95 percent probability to be a good long

13 to 1 risk reward ratio makes this a no brainer. And if the stock gaps up or opens positive I will be buying into BABA regardless.

Stop loss is tight based on the fact that if the next candle closed below the bullish confirmation, then the bulls obviously aren't confirmed and the bears aren't done here yet.

Maximum target is probably the top of this descending broadening wedge formation. Which is the target i've used for my risk reward model.

Thank you
Tom
Trading Course & Signals Subscription Queries:

- Email: Tomprotrader@gmail.com
- Telegram: @tomprotrader

Public Telegram channel: https://t.me/Tom_Pro_Trader

Instagram: https://www.instagram.com/tomprotrader/?hl=en
We didn't get what we needed to buy this stock today, hopefully the buy opportunity comes within time though :)
+1 Reply
mihai.mititelu TomProTrader
I don't see any reason for BABA to grow in the following month, as the second lock up period expires in March and more than 400 mil. shares will become available for sale. My opinion is that we will have a new record low in the following week.
+2 Reply
TomProTrader PRO mihai.mititelu
My opinion wasn't fundamentally armed whatsoever, just a technical area of a possible buy. But this area has expired and I've seen no evidence of a bullish sentiment since. So you could be right.
+1 Reply
mihai.mititelu TomProTrader
I could be wrong as well. This is just an opinion. Anyway, I really appreciate your work.
Reply
TomProTrader PRO mihai.mititelu
I appreciate all opinions also. Thank you for your input into this idea :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out