BABA LONG IDEA. IF BABA BREAKS THE FIRST BUY RANGE I EXPECT A TEST OF THE NEXT ONE BELOW. EASY RISK TO REWARD WITH CLEAN TP TARGET.
Macro Reasons -China has a population of 1.3billion VS US's 0.33 Billion, about 4x more -Rising Chinese middle class with a growing disposable income -It is estimated that China's GDP is set to overtake the US in 5-8 years Fundamentals Reasons -With 56% of the e-commerce market share in China and a growing e-commerce pie, Alibaba is poised for greater growth...
Hello everyone, if you like the idea, do not forget to support with a like and follow. BABA is sitting around strong weekly support and round number 200.0 in green so we will be looking for buy setups. on H4: BABA formed a valid channel in red but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. You...
Going Alibaba Group Holding Limited right here, in the hope the price will drop to $175 where I will add to my position size.
I think that this may be a inverse head and shoulders. Unsure. Waiting for a 4 hour chart close above neckline to confirm. //Even though I've been buying puts on BABA I think that this might be seeing some KABOOM soon. It's in a year long wedge.
Today we will share a daily view of the $BABA chart. Main aspects we can see here: -The price is facing an ascending trendline. -The previous level converges with a support/resistance zone working since 2018. -The current bearish trend can be defined as a descending Wedge pattern (if the price keeps moving between the structure lines, of course.) If I'm...
Have been trading this channel for a bit. I think every trade was a put from the middle or top of the channel. It's kind've falling in between the channel and that's where the highs are. Does this indicate that the channel will be moved or not be valid anymore soon? I think so. At least investopedia says that when stuff stops touching the bottom and top...
I am looking at BABA chart with MA200-day, MA50-day, MACD and Volume. (Best to move chart to Week and Month to see clear MA proof) It's interesting how BABA build candle over-and-over the green MA50. I see 1-2-3 hits over the MA200 with upwards trend, looking for the date range, we can see they're same numbers of days 455d/ 65bars. I am looking forward to see a...
Falling Wedge Perfect Eliot wave count on the way up 1,2,3,4,5, ABC correction wave Lingering at the 200 EMA and SMA (previous bounce zones) MACD rising from the beginning of the year RSI < 35 IV on call contracts is historically low, buying OTM August opex
I have noticed a lot of bullish sweeps lately trying to guess the bottom here. There is a descending wedge forming on the weekly chart that has become an issue if it continues to drop under the buy zone that I have set below. My buy zone is based on the retracement level that coincides with the highs in 2018. As these sweeps kept coming in, the 2022 LEAPS caught...
After all the apocalypses they experienced since last year, It seem china BABA, gaining momentum soon. What's your take?
HD 2H I HD is currently breaking out of this bullish formation with strength. Looking for a break above $313 with a $320 target next week. AAPL 1D I Held the bullish uptrend established back in September. Unusual options activity was bullish and they bet on a retest of $128 this upcoming week. NFLX 1H I Trading within a bull flag, we are looking for a break this...
We are actually showing relative strength when factoring in oversold levels. I'm looking for BABA to bounce and break back into the upward channel next week. We could see one more day of weakness but we should get that bounce Friday or Monday. My goal is to see the 230's trade by end of month. Long the 8/20 $225 CALLS. Paid $5.75
Above 220$ BABA can interest me for a cute swing. This stock is a strong company, with good Revenue, future prospects and technological innovations. China’s e-commerce is testing a critical point in the graph as it reaches its rising trend line, outlined from the start of its IPO. -------------------------------------------------------------------- Recent News...
*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 remains confident in the long-term success of $BABA (unless fined to...
IC&H and H&S pattern detected. It's obviously been beaten up but I am not sure I am falling for the head fake here. Keep an eye out for a possible "ugly" but functional W pattern here. A break below 220 would invalidate the W but a break above 271.21 shoulder resistance would complete the W and if held as new support, would bring it back to ATH's with a PT of...