Alibaba Group, $BABA, is a Chinese multinational company specializing in e-commerce, retail, Internet, and technology. Here is what to focus on as we're expecting the earning release on 13th February 2020. However, Alibaba stock is climbing to a new all-time high from a breakout that makes the bulls very excited about the future. But are they right to feel...
BABA has displayed a bump and run, a diamond bottom and a triple bottom all while maintaining its current uptrend, this diamond bottom has led to bullish continuation of the uptrend. Further upsides expected as it pushes through the trend area.
First Cypher pattern identified, an immediate bearish move is most probable, as a retreat from the C > D wave. Learning everyday! Tips / improvement areas welcomed.
Golden cross on weekly. Clear uptrend. Great fundamentals and user base.
Local breakout after bullish behavior suggest further advance Wyckoff Story Upsloping price structure of HHs and HLs and decreasing supply signature from Phase A to D suggest accumulation. Breakout in Phase D out of the local Last Point of Support (LPS) suggests a possible breakout above $210 and a Major Sign of Strength to come. Relative strength is...
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...
Alibaba has made a good bounce on the 180 EMA acting as a support line at $167. With Baba's current upward trend, it will be a good opportunity to capture 5% within the next 1-2 weeks.
BABA reversed off its resistance at 165.48 where it could potentially drop further to its 154.57.
Watching 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 for the next week or so may have some small negative correlations due to concerns over trade in China and the recent effects tariffs and political decisions had on Asian markets. That being said, it is coming in on a strong for positive correlations when looking at a 2 month time period. An expectancy of a $150 price tag should occur within January and it...
BABA is oversold on the weekly RSI and a positive MACD cross seems to be coming.
As the price approaches historic resistance levels I expect a small bounce for Alibaba BABA stock. This is supported by the RSI indicator. Like this idea if you agree.
Directional Bias: Long Price Target: 175 Good Entry: 138-144 Risk/Reward: $5 max risk - $20 reward If we see an opportunity at 138-144 area,we should take it with a risk of $5 a share. A nice short squeeze can get price back to 175 in quick order.
As you can see Alibaba moved up on Wednesday just before the support at $164.20. Mainly because of the news that Alibaba launched an Amazon Prime-like concept called 88VIP. The day before that it was announced that Kroger would partner up with Alibaba to sell their products in China. Such partnership wouldn't be only good for Kroger it would possibly generate...
BABA is looking good for a reversal. Bullish divergence and it tested the support at $177. Next target is the is the resistance of the wedge at $186.
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:...
BABA broke out yesterday of a big bullish pennant. Ater the breakout it formed another pennant on a small time frame. I entered some calls after the bullish breakout (didn't have time to update). Sold 4/5 of my calls on the way up and holding the rest for a breakout of the forming bullflag. Only trade after a breakout or, if you want to play it aggressively, on...