On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 103.48 in line with the pullback support to our take profit at 120.88 where the swing high resistance, 61.8% fibonacci projection and 78.6% fibonacci projection are . Alternatively, price may break buy entry and head for stop loss at 94.61...
BABA just broke out of its long respected descending trendline, with considerable volume. Key resistance level to break is 120, breaking above will mean a surge all the way to key resistance at 180 Actions: 1. Buy the retest of trendline @ current price 2. Wait for a break above key resistance @ 120 Targets: 1. 180 (prev key support flipped resistance) 2. 230...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team wants to start a good-sized position at the buy zone depicted on the...
Keltner Channel is looking upward which is typically a good set up for long position. RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone. MACD seems to be losing strength but always above the signal line. Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the...
IN this update we review the price action in Alibaba and identify the next high probability trading pattern and price objectives to target
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* We've been here before. My team isn't expecting to lose this trade, but if...
Nice gap play opportunity. Nice and strong support at 108.30 / 107.80 . If we lose that support, there is a change price will accelerate to the downside to fill this gap towards 104.42
#BABA - China back showing relative strength. If BABA can clear 114.82 level it should see 120.10,124.11 next. Best case scenario is for BABA fill lower gap towards 103 giving better entry to long side. Puts can work below 103. #TradeIdeas #Watchlist #TechnicalAnalysis
I am not a fanatic of BABA and to be honest, I was waiting for it for around 60$, but this last next week BABA has shown strength in one of the worst times ever for the markets when usually this stock down performs always NDX. This last week BABA broke the channel that it has been into since historical maximums. Not only that, but the price was minting and has...
$BABA's technical strength is improving in the weekly chart. Some of the key things to look at: Improving relative strength to SPX. It started falling in-line with SPX several weeks back (horizonal RS line) and has been outperforming SPX in the 70 trading sessions (upward slope RS line). Breaking out of a descending parallel channel. Breaking its weekly...
On the H4, with prices moving above the ichimoku indicator and price breakout from descending trendline, we have a bullish bias that price will rise from our buy entry at 108.94 where the horizontal pullback support is to our take profit at 128.03 in line with the swing high resistance, 100% fibonacci projection and 78.6% fibonacci retracement. Alternatively,...
Alibaba Short Term - We look to Buy at 102.52 (stop at 92.78) Dip buying offers good risk/reward. Trading volume is increasing. Previous support located at 100.00. Trading close to the psychological 100.00 level. Our profit targets will be 138.58 and 164.00 Resistance: 120.00 / 138.50 / 180.00 Support: 100.00 / 83.00 / 73.51 Disclaimer – Saxo Bank...
Looks like Baba broke the long term downtrend line yesterday. Here is my simple trading idea base on simple indicatiors (Moving average (MA) + Support/resistance level + William %R). This is applicable if you are a long term investor, looking to average down your holding. Potential buy = Near support + Wiliam %R below -80% (+ BONUS if touches any MA;...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On 5/19/22 my team purchased shares of Chinese online and mobile...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today my team purchased shares of Chinese online and mobile commerce company...
NYSE:BABA Here we see BABA with a breakout of the weekly supply line that has been holding this stock down for so long could this signal a reversal for china stocks? either way this ticker has been at a low risk area for a while now and it looks like it is gaining some momentum despite the current market conditions. let me k now what you guys think in the...
Selling a call $25 higher than stock price now. This covered call will have two market closing days baked in AND it's above the 200 sma, less than 6 weeks of time AND I get paid more than 1%. Buy low, sell high.
In this update we review the recent price action in Alibaba and identify the next high probability trading opportunity and price objectives to target