BABA reports next week 8/3; likely gives a catalyst for a move up to $210-220 for BABA and then a move for FXI to $42ish (Opinion only)
Alibaba Group Holding Limited (BABA) , also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. It is currently at prices from 2017-2018 and pre-Covid. It has retraced about 45% from its record high which puts it in a deep bear market. Current Fair Value ,...
Extreme bearish sentiment at $46 support? Looks due for a bounce to me. First upside target $66 and then $76. Unlikely to make it much higher than $76. Watch for reactions to price action on key dates and levels on the chart.
It has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout. Volume acceleration Extension outside multiple time frame Bollinger Bands Speed of sell off Definitely a fierce counter-trend trade for more experienced traders that can manage...
headed back to the volume shelf at $70. Recently hit a floor and is bouncing back. The sentiment is horrible. "Be greedy when others are fearful" FXI is worth a look too if you prefer a broader index.
(Opinion Only) Open gap above at $118 + a bullish reversal weekly candle. If EEM and PDD gap up next week where PDD is above $113 this will likely run to $118 to fill that gap above. A lot of bullish unusual options activity in this name today.
(Neutral - Not Advice only My Opinion)
Ntes is a technology company engaged in the development of applications, services and other technologies for the Internet in China. July produces an avg of +1% over past 5 years. There is decent open interest in the july 16 115 and 120 calls. I have seen a fair amount of bullish option flow for china tech stocks. JD BABA , GL!
BABA broke out two days ago, with above average intraday volume. OBV is confirming slight positive trend. Taking a look at seasonality: We are entering July, which has been THE best performing month in the past 8 years. BABA has closed higher than it opened 83% of the time in July, since 2014. Approximate Potential Target ---> $275
trading below its VWAP from the previous high, Emerging Markets expected to outperform this year, KWEB is a good way to focus exposure in China while getting a diverse basket of high growth names that are titans over there with names like Alibaba, Tencent, Pinduoduo, Baidu, and JD.com. Diversification is key especially as US markets top out in the near term
watch out for key support
(Opinion Only)
(Opinion Only)
Opinion Only
$BABA I'm expecting some major upside in BABA for the rest of the year. $233-$234 is likely a major retrace/pivot point. Fundamentals: Cheaper than any of the mega-cap tech plays except Facebook. More catch-up potential. AMZN of China.. Not advice, opinion only. Goodluck.
This one filled the gap at $216.50 on Thursday last week. This is the gift that AMZN never gave us to get back in. If you're a seller or short seller here then I just can't talk sense with you. This thing is about to increase it's revenue growth a ridiculous amount with the new cloud storage business they are ramping up. The news cycle will inevitably change and...