letsgetit
Long

BABA: Buy Signal: Let me know what you all think?

NYSE:BABA   ALIBABA GROUP HOLDING LTD SPON ADS EACH REP ONE ORD SHS
Hi All,

It's all in the chart.
I do not forsee BABA retracing back to 183, but who actually knows.
Always keep in mindThey could always be black SwanEvent
BABA looks to be on the uptrend. Buy Signal (5-07): Going Long.


Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.

Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100

Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.

Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.

Happy trading People...
mah i will see that the globa yield curve is inverted=> recession , spx is on the resistence 2800 , china has decrease his speed , now baba... do you think that if us stock market get another correction baba will keep up? so what? well i will just baba when spx will break 2800 AND RITESTED ! not before.
Reply
letsgetit samtrade12
@samtrade12, Yes you are correct China's growth has declined, and a lot of shadow banking which, has created more debt for the nation.
However, what you have to keep in mind is that BABA is becoming a powerhouse to be reckoned with, a global-name.
Please don't forget the exploding Chinese economy, and constant scaling, International growth.
This is meant to say BABA success is not soley Predicated on China's growth, but it could help.
Don't forget Alibaba's growth presence within Southeast Asia.
Currently. owned majority stake in LAZADA and up and coming E-Commerce in 6 SE-Asia Countries.
China has managed to raised it's middle classs to 500million. Which could increase to 700million.
Although, it's Competitors in China, DHGate, MadeinChina, and GobalSource.
BABA is #1 E-Commerce Supplier for Aliexpress, Shopify and Amazon.
Market Cap: Mkt Cap 486.722B, PE 51.76.
I can easily see BABA and the Alibaba's growth surpassing the $1 trillion.

Reply
samtrade12 letsgetit
Reply
letsgetit samtrade12
@samtrade12,
I guess only time will tell.
Hope you can Follow me.
Please refer to my idea for more discussions.
Reply
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