Double and Triple ZigZag Rules:
Double (DZ) and Triple (TZ) Zigzags are similar to Zigzags, and are typically two or three Zigzag patterns strung together with a joining Wave called an x Wave, and are corrective in nature. Doubles are not common, and Triples are rare. Zigzags, Double Zigzags and Triple Zigzags are also known as Zigzag family patterns, or 'Sharp'...
$BABA +126
(Over $126 for calls)
Technical analysis: Bull flag breakout
News catalyst: "Alibaba Group Holding Limited (NYSE:BABA) hosts a two-day virtual Investor Day event with senior management scheduled to give talks. BABA has traded with extra volatility the day of and day after prior investor days."
Shares of Alibaba notched their best day since June 2017 as markets smiled on restructuring at the Chinese e-commerce giant. The shares were poised to rise again Tuesday.
U.S.-listed stock of Alibaba (ticker: BABA) jumped 10.4% Monday, the biggest one-day rise since June 8, 2017—when it rose 13.3%—and the stock had surged a further 5.3% in premarket trading...
I do not know if any of this is going to happen, just something for you to consider !!!
Based on 21 Wall Street analysts offering 12 month price targets for Alibaba in the last 3 months. The average price target is $216.10 with a high forecast of $275.00 and a low forecast of $170.00. The average price target represents a 61.55% change from the last price of $133.77.
BUT, we are so oversold, we are closing in on a major support line, earning were not that
bad & fundamentally driven more than technically. The only thing here is probably seasonality !!!
Short Term Quick Bounce to Low $140s expected. Longer term we all know its a 3-5X bagger.
On the Weekly Timeframe Bullish Divergence on RSI and MACD. Bullish Harami Candle Stick Pattern. We will see an uptrend soon. Short term we have to expect some volatility but buy on the dips and DCA.
Caution: Also , for a stronger confirmation before going all in, i will...
*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: My team started a long $BABA position November 18, 2021 at $161 per...
*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: My team entered $MU at $72.92 per share. Our first take profit is...
Hi All, my main 3 take-outs from this analysis are the following:
1- RSI and MACD showing bullish divergence in the daily chart
2- Price action is moving inside a falling wedge and I would expect a rebounce from these price levels today or tomorrow the latest, in order to see a recovering and a possible breakout of the falling wedge at around mid-January
3-...
Hi All, my main 3 take-outs from this analysis are the following:
1- RSI in the weekly chart is in oversold territory with divergence vs prices
2- Price might re-test the historical trendline at around 100$, which is a 10-13% additional drop from current levels
3- Possible support at 100$ is also a psichological support level (rund number)
Not a financial...
Just something to keep on your radar although China sentiment is concerning. Sitting on ALL TIME LOW TL and flirting with the 78.6% fib. Must wait for wave 1-2 confirmation after this major draw down, but still worth a watch.
$BABA currently at monthly supports looking like a good area to start a long-term position. After rejecting at the prior bull cycle 4.236fib at $320. If this hold as bottom area for its next bull cycle we can look at $1000+ being the next possible top.
AliBaba is greatly Undervalued, a historic chance to enter these levels, if you fall lower add seriously
Significantly Below Fair Value: BABA is trading below fair value by more than 45% .
I will reiterate my long-term bullish call on BABA
Alibaba shares fell 11% last week after the Chinese e-commerce and cloud leader released its Q2 earnings report. The company's revenue increased 29% YoY to $31.1 billion, $673 million less than forecasts. Excluding the consolidation of hypermarket operator Sun Art, the company's revenue would have grown only 16%.
Adjusted earnings dropped 38% to ¥11.20 ($1.74)...
