Billionaire Ryan Cohen is reported to have built a huge stake in Alibaba which worth hundreds of millions of dollars and now pushing for the share buybacks. Alibaba Group on the other hand had spent $18 billion repurchasing its own shares in the third quarter of 2022 and was aiming to buy back $40 billion worth of shares in total, with the plan lasting until May...
Adding to my previous idea- I think these targets might line a bit better.
BABA stock has been in a long-term downtrend. We're expecting the price to continue droping as it looks like it got rejected from the downsloping resistance line on the weekly timeframe. What we can see on the chart is a pattern called a falling wedge. Most likely the price will revisit $60 or lower but eventually we expect the breakout in Q2 or Q3 2023. How...
Such a cool measured move!!! Toss a gap fill ontop and call me daddy, shorty.
we analyze that alibaba stock will be bearish next year due to reducing restrictions due to the Corona pandemic . we must take care of the resistance made below we must take of stoploss and take profit targets . if it likes you dont forget to promote
Alibaba has a nice potential setup here, which could trigger if we break over last week's high here. Stop can be tight as the move should have strong momentum. Reward to risk is over 4.43R, which is tremendous potential for a swing trade here. If it breaks down instead of up, this trade idea is cancelled, but we could find a short entry trigger, depending on how...
Price broke out of the long term bearish trend with an impulsive move... This shows a strong reversal in the market
Alibaba Rose 13% yesterday amid news of Chinese regulators' approval to raise $1.5 B in its consumer finance unit. Of course, this is positive news for this stock. The rally will likely continue until the stock breaks its resistance level of $105/share in the next couple of months before it tries to fill the gap caused by yesterday's rally. Ps. This is not an...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
In the chart above we are taking a look at CN1! in the 16 hour timeframe. 1. CN1! reaching an end to pennant formation in vital channel support. 2. Previous pennant breaks in current channel level has been bullish in the past. 3. Important to break past 13300 Supply Ceiling . 4. Channel deviation of 500 points . 5. Channel Above = 13800 - 13300 , Current...
As mentioned in the previous analysis, Alibaba is in a large diametric that we are currently making the last part of the G wave. A contracting reverse triangle which wave D is completing. After another decline as E wave, one can think of targets above $200 as wave C
The Alibaba Group (BABA) is pulling back after being rejected not just on the 1D MA200 (orange trend-line) but also at the top (Lower Highs trend-line) of the Falling Wedge pattern holding since the October 20 2021 High. This is a huge Resistance cluster as the RSI on the 1W time-frame also got rejected near its 54.00 Resistance. Technically, if the 1D MA50 (blue...
Today the president of China, Xi, has been re-elected for his third term as president of the nation. As a result of this news, the China markets took a massive hit today, but with blood in the streets we should be buying.
Stock may have shown a loss of momentum after it started an upward trend in October this year. ALMA11 ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single...
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer...
The Chinese e-commerce giant is in trouble but, if it manages to get out of it and recover, this could be the most profitable investment in the coming decade. Trade safe!
Alibaba - Short Term - We look to Buy at 87.66 (stop at 79.09) Broken out of the wedge formation to the upside. Broken out of the Head and Shoulders formation to the upside. Neckline support is 85.91. The formation has a measured move target of 113.48. Further upside is expected although we prefer to set longs at our bespoke support levels at 87.66, resulting...