Levels on watch for $BABA. Looking for it to make a weak recovery attempt to around ~$177.50 before failing and heading back to support around $165.50.
Elliott Wave view in Alibaba (BABA) shows that the stock has an incomplete bearish sequence from 6.5.2018 high ($211.7). The 100% target in 7 swing comes at $88.3 and this view remains valid as far as the stock stays below 12.3.2018 high ($168.8). Near term, decline from 12.3.2018 high ended a 5 waves structure in black wave ((1)) at $129.10. Above from there it...
Alibaba for the next week or so may have some small negative correlations due to concerns over trade in China and the recent effects tariffs and political decisions had on Asian markets. That being said, it is coming in on a strong for positive correlations when looking at a 2 month time period. An expectancy of a $150 price tag should occur within January and it...
- Time for Alibaba has come. MACD - Huge divergence detected on weekly chart RSI - Moving towards weak area. First target at 160 Usd- Expected a rebound and then again short till 120 Usd See you soon Guys, Simone
As you can see Alibaba moved up on Wednesday just before the support at $164.20. Mainly because of the news that Alibaba launched an Amazon Prime-like concept called 88VIP. The day before that it was announced that Kroger would partner up with Alibaba to sell their products in China. Such partnership wouldn't be only good for Kroger it would possibly generate...
Currently I am looking for the short entry into the Alibaba share. On a weekly basis, the stock would be a correction quite well. In the last 3 years, the course has been training ever higher highs and tripling. The entry into the shorts would ideally be in the range of $ 198-200 and then would have to be confirmed intraday. The first target range of the movement...
Ill link a video i made for the fam alongside this, so if you're more interested, check that out. It is about 10 minutes and has some info on the DJI also (2nd part of a 2 part video) Ima keep this straight forward. None of this surprised me. Before the trade wars even started I knew we would be back down. The only different, is that I did not think we would...
Alibaba stock MIGHT have entered its consolidation channel after that majestic 1 year Bull run. I see a good set up/entry with that bear flag forming on the 1H. The RR is really to take the risk on this trade. As usual if you have nothing constructive to add, keep the negativity out. Trade Safe!!
Remember when Alibaba slightly went right towards the $200 mark in January? Now they are having the holiday seasons again for e-commerce and it looks like for a short calling, Alibaba will re-pass a $200 price point. (Even with increasing competition from the Walmart and Flipkart merger). Currently at the $195 price point and a trailing that looks like it will...
I believe a $200 price point for Alibaba's stock is going to happen within 30 days. Likely 45 days at the latest. Alibaba has still room to grow as a strong stock position. Jack Ma's plan for expansions in both the technological infrastructure as well as wholesale isn't expected to slow down growth at any time soon. Alibaba overall shows positive health as a...
I was interested in Alibaba when it was $95 a share. Though I never invested yet, I think now is the time to say that Alibaba is investible. Whether buying it on Ameritrade, or bidding using 1Broker, I see no reason as to why Alibaba wouldn't hit a $180 price point within the next couple of weeks. This is to shed light on their very recent expansion to the...
With the fact that BABA has ran up so much this year and the political uncertainty surrounding the potential breakout of major war could bring this down quite a bit. The short trade is something I am considering and will update if I enter a position. Feel free to comment on this analysis if you have any ideas. Follow for more trade ideas including stocks,...
Within a short to intermediate time frame, we see a potential upside momentum on GOOG while we think as a hedge, it might be reasonable to short sell BABA. GOOGLE ALIBABA BABA GOOG GOOG
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
NYSE:BABA 4h Chart: Safe Trades;
Historically BABA drops on average 7.57% when the VI reaches its current level. I have laid out 3 potential levels it could drop to. The first hurdle (which should easily be met) is 87.88 (pink dotted line). BABA has not been South of this mark since August. My three levels will certainly be in play once the stock drops past this level. CONSERVATIVE PLAY: The...