BABA trade ideas
BABAI see wave C reach to the demand level around 65$ level I drew on chart and get rejected from it, after that we can see a rise up to the trigger line and in case of a break with momentum of the trigger line we can see at least 40 % gain on Alibaba(BABA) Price.
#BABA #Elliot #BULL
BABA following a parallel chanel downtrendNYSE:BABA is following a downwards trend together with a parallel channel as seen in the chart.
Next support is at $63, so the wait continues
BABA - Accumulation (MAGS)Looks like BABA is going through Wyckoff Accumulation Schematic #1.
Lows to be broken via Spring and then new bullish trend to emerge
baba is ready to go up baba is ready to go up for at least $120 , it's completed wave E of reversal Triangle pattern
short term positive Longprice movent to $95 mid end December!!! Alibaba has been beaten up past month or so its looking like a reversal also xabcd pattern showing up movement as well,
Back to IPOAlibaba's share price is having the worst 3 years since it went public. And 2023 has not been a good year either. The share price has lost almost 18.8% year to date.
Alibaba's share price has been falling for several reasons, including:
1. Increased competition: Alibaba is facing increased competition from other Chinese e-commerce giants such as Pinduoduo and JD.com. These companies are offering lower prices and more aggressive promotions, which is putting pressure on Alibaba's margins.
2. Regulatory scrutiny: The Chinese government has been cracking down on tech companies in recent years, and Alibaba has been one of the companies that has been targeted. The government has imposed new regulations on the company's data practices and its market power.
3. Economic slowdown: The Chinese economy is slowing down, and this is hurting Alibaba's business. Consumers are spending less money, and businesses are cutting back on their advertising budgets.
4. U.S. export controls: The U.S. government has imposed export controls on some advanced computing chips, and this is hurting Alibaba's cloud computing business. The company is unable to access the chips that it needs to develop and deploy new cloud services.
5. Alipay stake sale: Alibaba's sub-subsidiary Alipay is selling its stake in India's Zomato. This is a sign that Alibaba is losing confidence in the Indian market.
However, fundamentally Alibaba still looks attractive and it is one of the most undervalued companies I am looking into. The company is trading close to its 2014 IPO price of $68, allowing me to buy the stock for the first time. The company is not out of the woods just yet.
I am waiting for $68 with a partial entry when the market opens.
BABA End of the year outlookMade a small pullback from the weekly lows. Would be nice to see healthy RSI trend break to bullish direction. Expecting to see some nice action from recent S/R zones and price gaps (not visible on HA candles).
ALIBABA WYCKOFF ACCUMULATIONAlibaba has appeared to enter Wyckoff Accumulation Schematic #1. Let's see how this plays out! 2-3x possible gains over the next 2 years.
$BABA On support. Buy opportunityAdded some Alibaba on support for a move to $85
If support is around $72
Stop loss on a close below $70
$BABA: 80 Might Be DifficultBABA is showing a great deal of relative weakness into market strength and it might be a sign this isn't quite done with the selling yet. If FXI can keep heading up it may be able to pull this up but as of right now I have to consider potential weakness around this area.
Alibaba (BABA) fireproofAlibaba has been battered since the real estate market and China's economy in general took a hit. MFI (RSI+Volume) and MACD showing some divergence in the monthly chart, showed in the arrows. The price is below the key VPVR price and in a support zone (white area). If you like the business, this seems like a good time to buy.
A bounce in BABA stock price?Alibaba Group Holding Ltd's stock (symbol 'BABA') might recover in the next few days if Chinese shares generally move up. BABA has lost around 25% of its value since the end of July and dominant oversold conditions with relatively strong financials might bring some positivity.
The outlook for demand seems overall neutral rather than negative and earnings per share are expected to increase this quarter. The most important data coming up this week are NBS and Caixin PMIs on Thursday and Friday.
BABA AnalysisI had 2 expectations for BABA in my last analysis as price is in the equilibrium level. The bearish scenario played out well, giving us a -8.94% move to the downside. Price is currently respecting the bullish OB and is showing signs of bullishness. I'm expecting price to rally from here, to fill the FVG created during the recent earning dump, and potentially into the FVG at 92.95.
#BABA#Comprehensive Analysis of Alibaba Group Holding Limited (BABA)
1. Current Status and Performance 📈
According to the latest data, BABA has returned 30.45% over the last 12 months, outperforming SPY's -13.92%. This performance has earned it a B (65.87%) composite rating.
2. Financials 💰
Alibaba's financials show earnings per share of 359.9319 and net income per share of 52.1843. operating cash flow per share is 83.9175 and free cash flow per share is 83.9175. the company has cash per share of 225.9591 and book value per share of 407.2119. the company's debt-to-equity ratio is 0.161, which indicates that the debt-to-equity ratio is moderate. is at a moderate level.
3. News and Market Sentiment 📰
Recent news reports indicate a mixed outlook for Alibaba. Despite strong Q2 FY2024 results, Alibaba shares fell more than 10% on concerns about sluggish growth in its cloud computing unit and internal management issues, including the sudden departure of CEO Zhang Chaoyang. The cancelation of the cloud division spin-off and co-founder Jack Ma's reduction of his stake in the company also worried investors. However, I recommend investors consider Alibaba's overall revenue and net profit growth and give the new management team time to prove their effectiveness.
4. financial results 💵
Alibaba Group's December 2022 financial results showed double-digit year-over-year growth in adjusted EBITDA and free cash flow despite the challenges of the COVID-19 outbreak. The company plans to focus on consumption, cloud computing and globalization as key strategic pillars, with CEO Zhang Chaoyang becoming acting president of Aliyun to drive the cloud strategy. Alibaba sees tremendous growth opportunities in these areas, particularly in China's consumer market and IT spending.
5. Future Outlook 🚀
Alibaba Group is focusing on consumption, cloud computing and globalization as key strategic pillars. The company sees tremendous growth opportunities in these areas, especially in China's consumer market and IT spending. Alibaba CEO Zhang Yong became acting president of Aliyun to drive the cloud strategy. Despite the challenges of the COVID-19 outbreak, Alibaba Group achieved double-digit year-over-year growth in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and free cash flow for the December 2022 quarter.
6 Conclusion
Alibaba Group Holding Ltd, whose shares fell on concerns about sluggish growth in its cloud computing unit and internal management issues, reported double-digit year-over-year growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and free cash flow for the December 2022 quarter. The company plans to focus on consumption, cloud computing and globalization as key strategic pillars. Combined with technical analysis of the current BABA is in a daily level of the classic Falling Wedge, combined with fundamental information to see there is still a certain downside risk, short-term need to focus on the S1 support situation, if the S1 successfully stabilized, and rebound breakthrough 88 $ resistance zone, then Falling Wedge was established, above the T1 target level! See 100~105 range. As with any investment, it is critical to consider all factors and conduct thorough research before making a decision. It is also important to consider your investment objectives and risk tolerance.
$BABA - Can it see a reversal?NYSE:BABA Alibaba is trading inside a descending wedge. The stock bounced from the lower trendline of the wedge and has a potential for further upside.
Upside targets:
$84
$88
$92
Downside risk:
$74
🚀 Alibaba - Inverse Head and Shoulders🚀 Alibaba - Inverse Head and Shoulders
✅ TP1 - 120$
✅ TP2 - 180$
❌ Stop - 77.77$
$BABA - Levels to keep an eye onBABA was sold off quite aggressively after results and is once again trading at the bottom of its recent range.
The levels that need to hold are 77.38 and then 74.00. Previous swing lows are all the way lower at 57.60.
Upside target is still the top of the sideways channel, 121.00
Waiting for pullback to accumulate AlibabaHere is the link probably for those based in Asia and can buy Alibaba shares.
From its low of 57 dollars, it has bounced back more than 100% to its current price of 115 in less than 3 months. It is written on the wall that the tech sector regulations in China is over and a new chapter has begin in 2023 onwards. The Central government will now have a stake in these tech giants in a way to control their monopolistic behaviour.
The platform business, e-commerce, live commerce, internet related sectors are all too important in China and it is only in the interest of China to continue to invest and grow this sector exponentially. It could be the first sector to pull China out of its doldrums and spearhead its bearish GDP figures last year. Now, with the travel ban lifted up, we will witness the hospitality sectors picking up the lowest hanging fruits.
Do not forget, bookings of flights , hotels, payment gateway are all digitalised now so those operators behind these industry like Alipay, Tencent, Trip.com, etc will be the main beneficiaries.
So, I will be accumulating shares of Alibaba (9988) since I am based in Singapore slowly this year.
Please DYODD.
Long on BABA
BABA has broken out of a descending wedge and had a retest of support with bullish RSI divergence. Stoploss at last swing low and will be moving SL to BE when safe to do so.
$BABA Double Bottom Weekly Chart in Sight---
### Stock Analysis Update: Alibaba ( NYSE:BABA ) Approaching Double Bottom on Weekly Chart
#### Potential Double Bottom Formation for Alibaba
Investors tracking Alibaba Group Holding Limited ( NYSE:BABA ) should take note of a significant pattern forming on its weekly chart. The stock is approaching what appears to be a double bottom, a key technical pattern often associated with potential trend reversals. This pattern is identified by two distinct low points at a similar price level, separated by a moderate peak.
#### Key Level to Watch: $77.77
The critical level that defines this potential double bottom for Alibaba's stock is $77.77. This price point is where the two lows of the pattern are formed, serving as a pivotal level for future price action. I have set an alert for this price, closely monitoring the stock's movement as it approaches this key level.
#### Strategy Going Forward: Starter Position
Upon reaching or nearing the $77.77 level, the plan is to initiate a starter position in $BABA. This approach involves entering a smaller, initial investment, which allows for capitalizing on the potential upward reversal indicated by the double bottom pattern, while also managing risk.
#### What a Double Bottom Could Mean for NYSE:BABA
If Alibaba's stock indeed forms a double bottom at $77.77, it could indicate a bullish shift in investor sentiment. This pattern is often seen as a signal that the stock has found a strong support level and may be poised for a rebound. However, it’s crucial to await confirmation, typically seen as a significant move upwards from the $77.77 level, before considering it a firm bullish signal.
#### Investor Caution and Monitoring
As with all technical patterns, it’s important for investors to combine this observation with other market analyses and indicators. Setting a starter position allows for participation in potential upside while maintaining a cautious approach, ready to adjust based on further market data and the stock’s performance.
Is it finally a good time for BABA?I think that BABA has formed and inverse ascending triangle and it is at the last phase of its corrective painful phase.
