GAP CLOSE - ALIBABA stockFundamental analysis for BABA is not good. They are going to be investigated by the Chinese government for abusing of monopoly position on the market. But the GAP on the chart should be closed. So I am expecting a pull-back to $260. Long term position should be considered. It seems to be the same story as FACEBOOK or GOOGLE sued by the US government.
Alibaba
205$ if break then 167$ Support level for long.Chinese government hit $BABA with antitrust probe and the stock has fallen so far 15% More downside expecting 205$ support level if price breaks out support then next level for long 106$
🛑SUPPORT/RESISTANCE
✅S1= 205$
✅S2=167$
✴️R1=260$
✴️R2=310$
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ALIBABAis time to BUY LONG ALIBABA come? well, it is going under the antitrust probe.
anyway, it is still a good stock given the fundamentals, so why should not buy it? well, China is known for its being communist, so if china's boss what Alibaba to stop what it is doing, Alibaba will stop.
but we got to remember that Alibaba, since it is a big one of e-commerce in China, it has yet space to grow, as long as the Chinese population's richness grows.
so, as my previous analysis, at 230 we are in the middle of the old-growth trend, which can be a good point since it is also a support 1 YO.
so, I think ill buy some, it went almost 1/3 down since its ATH (315), so it is a buy for me, after all, the antitrust can continue, but everyone wants Alibaba to go since it Is also helping the Chinese environment (it does a lot actually, not only e-commerce, even if at this time more than 80% of its revenue are from e-commerce)
I think it can be a good BUY THE DIP, but it can go even lower, you just have to be patient and wait for the long run
ALIBABAi just wanted to make you remember that it is YET in the top part of the 5 yo channel.
if u buy here, you buy a 5 yo channel top, AND 2 yo LOST channel.
it CAN be an opportunity, alibaba is surely a good stock, yet, in technical analysis is not good looking after all (I would say only the MA 200 and the $250 support(?) in the daily chart)
but It is also kinda risky, it is Chinese (xi Jinping has kinda a lot of power, even on these big stocks).
chart: idk, it can be a TOP, or a LOST trend, OR 200 days MA.
china: ma should shut up if the stock wanna go up, ma should speak if he wants china as western countries (free)
just we will see, trade safe and do not risk all of your money in a single trade :D
BABA - China/US tension heavy on the stockSince the first news that the US is going to ban Chinese companies to list on the US stock market, $BABA was one of the first to took the hit. This can be seen in the volume spikes when investors started to close their positions.
The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume levels, but we are not witnessing any fresh buying or selling.
Price is currently in a range after getting out of the long-term uptrend.
ALIBABA CAN GO UP SHORT TERM We can see on 4h chart that we are close to 200 EMA, and this was solid support last couple of times. Also, RSI is in oversold zone and quiet. It looks like that is time for buying, at least for next 2 weeks for some swing trades. After Christmas I expect for most of the big names to calm down during the holidays.
ALIBABA : BULLISH CYPHER PATTERN IN DAILY TIMEFRAME 🔔Welcome back Traders, Investors and Community!
Analysis of #BABA
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Walter
Alibaba Group Holdings Ltd.Monday, 7 December 2020
22:51 PM (WIB)
Alibaba looking great and healthy. Seems no problem internal with the holdings Ltd. It looks normal. It's just a transition move from the top of the head and overbought, to the neckline's formation.
Check for tomorrow if any updated news
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RyodaBrainless
"Live to Ride and Ride to Live"
$BABA - "OPPORTUNITY" NYSE:BABA
BABA on a rollercoaster ride with several negative catalysts getting priced-in causing a significant pullback. Down about 17% from its ATH (as of the time of this writing). Waiting for $265 validation of support, watching two other support levels at $257, all the way down to $240. A breakout of $275 resistance is critical to have a chance to test $280 - $300.
Undervalued company, in my opinion, with a significant competitive advantage in China and its growing economy, Ali Cloud is underappreciated and brings a lot of growth potential in the future. A positive catalyst to also watch is the potential ANT Group IPO along with their successful compliance with S. 945 "Holding Foreign Companies Accountable Act".
LONG all the way. Cheers!
-Kaswrp