BABA.Medium-term analysisOn the weekly timeframe we have a sideways market. The current buyer vector is 5-6.
BABAD trade ideas
BABA above 200SMABABA broke out the diagonal trendline, closed nicely above 200SMA and volume is also great. Next stops 87, 90, 92 unless it's another fakeout. BABA had many of them in the past. Also we have earnings coming up on the 5/ 14.
Undervalued company, sadly we're dealing with Chinese government thus it makes the investment a bit more complicated.
Alibaba has a good pricing patternI mostly trade cryptocurrencies, that doesn't mean I'm not interested in the real thing.
It's been hit pretty hard by the recession, but it's still running and still around.
The death of Alibaba would be laughable.
The strategy I created brought out point C, which opens up a big turn for it.
This will not be my last stock analysis to share with you.
PS Don't forget to SUPPORT the analysis and if you can continue to like MoralDisciple, set to FOLLOW.
BABA Right above SupportBABA has been in this bearish channel since Jan 2023 and trading in a parrel channel since November. It is sitting right above strong support of 70.49. If this is broken next stop is 63.22. The slow stochastic is quite high considering how much BABA has fallen in the last two days. If support is broken go short.
BABA and the 40 thieves - buying here is a stealBABA has broken its negative trend, reclaimed its 200-day moving average and done so on higher volume. Add to that a long bottoming base formation and we have the technical considerations taken care of. Trade war tensions are easing, while other regional conflicts are good for e-commerce, albeit not for logistics. BABA is at an inflection point and I believe the Stage 1 has been broken and we are just at the beginning of Stage 2.
BABA. The buyer shows strengthHello traders and investors!
Let's take a look at what happened since the last post where I suggested considering purchases. You can find the post linked below. Just a reminder, the solid line represents the main scenario, while the dashed line indicates possible price movements to realize the main scenario.
The price has increased by 13%, with the maximum drawdown so far being 5%.
The situation is most clearly visible on the 2-day timeframe. I explained how and why to use different timeframes in a separate article, the link to which is provided below. On the 2-day timeframe, the price has formed a sideways movement where volume accumulation is taking place. Currently, we see 7 points within the sideways movement. The buyer's momentum from point 7 broke through the upper boundary of the sideways movement at 78.34.
If the buyer defends the breakout above the upper boundary of the sideways movement, I expect the first target to be 96.68. This is approximately 18% from the current price. This is the primary scenario.
If the seller absorbs the last buyer's candle and brings the price back into the sideways movement, there is a possibility of retesting the local minimum.
The ultimate target on the weekly timeframe remains the same - 121.3.
BABA.NYSE Alibaba Trend Reversal Seen. Longer Study.Alibaba is showing a Rounding Bottom Formation which is Bullish.
Often called a Smiley Face and has a 66% potential to the Upside.
A Frowny Face or Rounding Top is the Opposite with a 66% chance to the Downside.
This is a Longer Term Study.
Often Conviction and Patience along with Market Sentiment trend knowledge is required with careful timing to gain maximum Returns.
I use the TREND CLOUD Indicator to assist me with my decisions' across 2 - 3 time frames to see the larger Trend. I also often switch to the simple line view to expose certain patterns of interest which can be hidden within Candle Clutter.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Alibaba (BABA): Finally Breaking Resistances!Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week!
Fundamentally, Alibaba holds substantial potential, and from a technical standpoint, it appears promising as long as it maintains its current level. This was the third time we were testing the trendline, and we expected to break through it.
There is still a chance to revisit lower ranges of this consolidation phase, if we can't hold the critical price level above $ 77.
While we hope it doesn't occur, it remains a possibility. Looking upwards, we have set a very ambitious target, aiming for a rebound to between $200 and $300—a potential increase of approximately 300%. This long-term scenario hinges on stability in geopolitical and other external conditions.
Alibaba has yet to break out from 77 resistance price levelChill, guys ,there is no need to get into FOMO just because there are plenty of conversations going on about buying Alibaba shares. Just look at the chart carefully, it has been in this consolidation stage since Oct 2023.
Let the price breaks about 77 level and convincingly with a bullish signal , you can still go LONG . There is no guarantee that those who got in at 60+ price level will be making huge profits since no one knows :
1) how long the consolidation phase will last
2) undervalued shares can go under valued for a long time
NO right or wrong strategy, some prefer confirmation and a higher margin of safety while others are already convinced of its fundamentals and are willing to ride out the volatility. Different folks, different strokes.
Alibaba(BABA) Elliott Wave analysisHello friends
In Alibaba share, we see the formation of a 5-wave, we consider these 5-wave as wave 1 or A.
After these 5 waves, we see a zigzag whose wave B is formed in the form of a triangle.
Triangles are very common in wave B.
Therefore, after wave B, we expect wave C, which has been formed, but wave C must be completed, and after that, we can enter the buy trade.
I have drawn a channel where wave C is at the bottom of the channel and I believe that wave C has probably ended.
After this zigzag, we are waiting for the rise and growth of the price in the dominant wave 3 or C in this share.
So, by forming an upward trend in a smaller time frame, you can enter into a purchase transaction by observing the loss limit.
The target price of the share is 77, 80 and 87 dollars, respectively.
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