Baba traded down 5% Thursday
and currently down early premarket for Fridays Trading session
Looking at the Monthly Chart. There are a few things that stand out to me
1) double bottom
2) Potential Bull Flag
3) Baba actually closed below the 1st resistances level I pointed out, but not the second. It would have to close below $81 to invalidate the 2nd resistances...
Alibaba will remain to be the leading eCommerce and Cloud platforms in China. Its leadership position enables it to benefit from industry growth and economies of scale. Alibaba has industry-leading investment in R&D to facilitate cross-selling and targeting. Hence there should be room for customer management growth. It also runs industry leading B2B and cloud...
If you haven`t sold BABA here:
and bought it here:
Now Analyzing the options chain of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $4.45
If these options prove to be profitable prior to the earnings release, I would sell at least...
BABA weekly and hourly charts
Ugly wick so far on the weekly rejecting the 21EMA, Nice looking flag forming on the hourly chart. I like this short set up here. Looking to take this green to red tomorrow. Would love a retest of the 21ema on the hourly or that 87 area to get a short entry. Aiming for day 2 continuation down. Targets are 83.5 and 81.
Price did not play out as analyzed last week. Right now, it's heading towards my original expectation which is to mitigate the bearish POI at 99.17, leaving behind a lot of sell-side liquidity. The bullish POI at 78.85 will be acting as a magnet for price to target next.
The 50 analysts offering 12-month price forecasts for Alibaba Group Holding Ltd have a median target of 141.97, with a high estimate of 217.33 and a low estimate of 72.60.
AMEX:SPY broker out of the sticky range between 409.30 and 414 on extremely strong VOLD, ADD, and TICK ratios. However, showing signs of weakness or likely profit taking this morning. I think as long as we can hold over 414 early on the strength will continue. If not, looking for support at 412.80 (yesterday BO area). Keep yours ears peel for decisions on the...
Alibaba Group Holding Limited shares (symbol ‘BABA’) didn’t perform really well in the first quarter of the year and are currently in loss of around 6% compared to the first trading day of January. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Thursday 18th of May, before market open. The consensus EPS is $0,92 compared...
NYSE:BABA #BABA ER is 05/18 (tomorrow). If the ER is good, we can break out of the triangle and it can get to $110 - $120. Downside risk is $80. On the longer time frame, the IHS still a possibility if ER is good.
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Before any action, we should answer this question:
Is BABA going to experience higher-than-expected volatility in the next 3 weeks?
If your answer is No, do not waste your time reading the rest of this article!
If your answer is Yes,
Then we should talk about the direction:(Current price for BABA Put/Call option is 3.1-3.4 USD for May 19, 2023
If you think it...
Earnings on 5-18 Before Market Opens.
Triangles are neutral until broken.
No recommendation.
52 Week Range
58.01
125.84
Day Range
87.06
88.73
EPS (FWD)
7.63
PE (FWD)
11.58
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.46%
Market Cap
$228.58B
1. Just to lay out the possible trading ranges to exploit on weekly timeframe.
2. Probably CM has confirmed primary trend reversal if not invalidated by consolidating under $80.
3. Targets are indicated
4. Stop loss is a consolidation under range of $80
