BABA hitting channel resistanceAlibaba hitting channel resistance and attempting to breakout - might retrace slightly short term
BABA trade ideas
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.
Triangle breakoutAliBaba is given break out after long consolidation period hope it going up from now
Alibaba group break out confirmed after a long down trendTime to long this stock. Sounds like worth the risk :) Stop below my stop loss then it is a failed breakout.
BABA PutsExpecting a strong rejection at $74-$75 supply area with the price retracing to $71.
The supply area proved hard to break out from on multiple occasions before.
$BABA huge falling wedge break out on the cards!Will Alibaba investors finally be compansated? Looks like NYSE:BABA is ready to break out of a huge falling wedge that goes back in OCT 2020 when the stock started its decline.
BABA Double Top: GAP FILL AHEADLook for BABA to consolidate some more and bounce off the previous resistance. I think we could see some quick price movement through the gap. Look for a bullish bias and for BABA to fill the gap this week.
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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BABA: Sell ideaOn BABA as you see on the chart we have the breakout with force the vwap and the support line by a big red candle so it's mean that we will have a hight probability to have a downtrend.Thanks!
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.
Broad RangeSince end January we are trading within a broad range between 71 and 78.
Now we have reached the bottom again and may expect another upward retracement .
Yes, the trend is still downward and cautiousness is required. Perhaps it will take some more days to confirm a possible bottom here. But a retracement up would indicate the readiness for such a bottom.
Alibaba's Jack Ma Makes a Bold ReturnAlibaba's co-founder, Jack Ma, has emerged from the shadows to pen a morale-boosting memo to employees. This rare move comes after years of maintaining a low profile following a tumultuous clash with Chinese regulators. Ma's endorsement of Alibaba's sweeping restructuring efforts marks a significant moment for the tech giant, prompting a surge in shares and signaling a potential return to the spotlight for the billionaire entrepreneur.
Jack Ma's Memo: A Vote of Confidence in Alibaba's Transformation:
In his memo, Ma expresses his support for Alibaba's decision to split into six units, heralding it as a pivotal step towards streamlining the company's operations and fostering agility. Acknowledging the challenges and mistakes of the past, Ma emphasizes the importance of embracing reform and charting a responsible path toward the future. His words of encouragement reflect a renewed sense of purpose within Alibaba ( NYSE:BABA ), with a focus on efficiency, market responsiveness, and courageous leadership.
Praise for Company Leadership and Resilient Team Spirit:
Ma's memo also commends the leadership of CEO Eddie Wu and Chairman Joe Tsai, highlighting their admirable courage and wisdom in navigating the company through turbulent times. Despite facing intense regulatory scrutiny and market pressures, Ma lauds the resilience and bravery of the Alibaba team, noting the emergence of a stronger, more united workforce.
Impact on Market Sentiment and Investor Confidence:
The release of Ma's memo has sparked a significant uptick in Alibaba's Hong Kong-listed shares, signaling a renewed sense of optimism among investors. The endorsement from one of the company's most influential figures has instilled confidence in Alibaba's restructuring efforts and leadership direction, positioning it for potential growth and stability in the future.
Jack Ma's Return: A Symbolic Shift in Alibaba's Narrative:
Ma's public endorsement marks a symbolic shift in Alibaba's narrative, signaling a potential return to prominence for the tech giant and its visionary co-founder. After years of speculation and uncertainty surrounding Ma's whereabouts and intentions, his reemergence offers hope for Alibaba's continued success and innovation in the ever-evolving tech landscape.
Morgan Stanley's bullish outlook on Alibaba: idea 10/04/24Against the backdrop of recent underperformance in the stock market, Alibaba Group Holding Ltd, the Chinese internet retail giant, has seen its shares dip by approximately 7.5% since the year's start. Despite this, some analysts express a more optimistic outlook for the company's stock trajectory over the next twelve months.
Morgan Stanley's analysts project a potential uptick in Alibaba Group's stock value, forecasting a nearly 19% increase to 85 USD within the next year. This projection stands roughly 19% above the current trading price. Nonetheless, the firm adopts a "market perform" stance, acknowledging the ongoing macroeconomic pressures and the company's ongoing transformation efforts that have yet to reach fruition.
Let's turn our attention to a technical analysis of Alibaba Group Holding Ltd (NYSE: BABA) stock and explore potential trading strategies.
The Daily (D1) chart shows the establishment of a support level at 70.65 USD and a resistance marker at 78.30 USD. Following a breach of the downtrend line, stock prices are now navigating the channel defined by these support and resistance levels, indicating room for growth should the resistance be surpassed. Conversely, a breach below the support level could cause the stock to decline to a floor of 57 USD.
Initiating buys aiming for a target price of 80.65 USD can be considered in the short term. For those looking toward a medium-term horizon, maintaining long positions to reach 89.00 USD could be a strategic move.
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BABA: Reversal coud be startedMARKETS BADGER AI finds a BUYING opportunity
Holding Period: 5-10 days
Major Trend: Bearish
Chart Time Frame:H4
Trade Type: Reversal - Dip Buying
Price Target: $78 $85 $91
Status: Active
Entry: $ 75
Technical Indicators : Cycle Sniper H4 Buy & Extreme Value Sniper H4 D1 Bull Div & Triggerlines Bullish Breakout Confirmation
BABA reversal is likely starting. 78$ is the minor resistance on the smaller chart timeframes. Cloisng above the resistance will trigger the bullish reversal. Targets mentioned on the chart.
Going into an inverted Head and shoulderAlibaba move into a very long downtrend
Very probably it will reverse soon
At the end of the channel an inverted Head & shoulder is forming right now
Check neckline breakout at 78$ and most importantly a close above purple trendline as a final confirmation of the new uptrend
buying at support level IS NOT a SURE WINPutting emotions aside about how unhappy, disappointed and frustrated with the China stocks, some people I spoke to are thinking to scoop more once the price reaches the support level.
Just because it has rebounded on previous support level does not necessarily means it will do so in the future.
It is possible, plausible and probable that it might falls through the support level and creates a new low. Nobody can tell you for sure. Do not buy just because you read some news that it is near the bottom but has no way to go except up. In Theory, maybe but in the changing world today and when top notch economists, professors and equity analysts have all gotten wrong about their predictions about China, what makes you think you will fare better ?
Also, just because some groups are heavily shorting the market to take advantage of the sell off, just doing the opposite does not make you a contrarian. Put aside your egos and get rational about your decision to go LONG. How long are you prepared to hold this stock for ? Are you really going to be OK if it continues to drop another 10-20% ? No sleepless night ?
Think Thrice. Take care of the downside from all aspects and leave the upside alone......
BABA(Alibaba )Hello friends
In Alibaba stock, we observed a 5 micro wave after a complete correction
which was contrary to the descending rune
We call these 5 small waves wave 1 or A.
After these 5 micro-waves, we see a 5-wave with overlapping waves that is similar to a triangle.
Triangles are seen in wave 4 or B.
Therefore, in both scenarios, the share price should reach the range of 100 with 1.618% of Wave A.
1.618% Fibonacci is associated with a static resistance that increases the probability of reaching it.
Therefore, you can enter a buy position by setting a loss limit of about 70 dollars.
Be successful and profitable.
Alibaba: Optimism and Path to Recovery🔄Alibaba #BABA NYSE:BABA
Alibaba's journey continues to be a roller coaster ride of highs and lows. Since our initial entry, we've navigated through Waves (v), (2), and Y. We acknowledge that a dip below this level would challenge our perspective, potentially signaling further downturns. Therefore, we've implemented a stop-loss just below this critical point. Should Wave (2) represent the market bottom as we anticipate, we're positioned for a significant upward surge. However, this trajectory is contingent upon the response of the Chinese market to economic conditions and the implementation of government support initiatives. If these measures come to fruition, we foresee substantial gains ahead.
However, surpassing the $77.77 threshold remains a crucial milestone; meaningful progress is not expected until this level is breached. Despite the significant percentage increase required to reach our targets, we maintain an optimistic outlook, viewing this as a long-term trade opportunity within a multi-year perspective.
BABA Broke through descending wedgeBABA had a nice clean break through a descending wedge.
Support zone indicates where price momentarily reached and recovered.
Yellow Weekly support line indicates a strong support on a weekly time frame.
Small upside is possible.
Could Alibaba be returning to its glory?If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help.
Could Alibaba be returning to its glory?
Although Alibaba (NYSE:BABA) reported decent earnings last month, the stock failed to gain momentum and underperformed the broader market in recent quarters. With international capital leaving China and geopolitical risks rising, Alibaba's stock may remain weak in the near future without significant catalysts to improve the situation. Therefore, I believe it makes more sense to look for opportunities locally rather than investing in Alibaba, which is still struggling with the consequences of the Beijing government-led crackdown more than three years ago.
Alibaba has struggled to maintain momentum in its eCommerce business due to economic difficulties in China. In the third quarter, its Taobao and Tmall divisions posted revenues of $18.18 billion, up only 2 percent from a year earlier. In contrast, competitor PDD Holdings recently reported an incredible 123 percent increase in revenues in the December quarter, thanks to its aggressive strategy to promote sales and attract new customers. PDD Holdings' shares have already outperformed Alibaba's in recent years, and if it continues to grow at this rate, it will not be surprising if it soon becomes more profitable than Alibaba's core business.
However, Alibaba has also faced challenges in its cloud business due to increasing competition and geopolitical issues. In the December quarter, the cloud business posted revenues of $3.95 billion, a modest 3 percent year-on-year growth. By comparison, Microsoft (MSFT), Amazon (AMZN), and Google (GOOG)(GOOGL) had cloud revenues of $25.9 billion, $24.2 billion, and $9.19 billion respectively with strong growth of 20%, 13%, and 25.5%.
Despite Alibaba's steady growth, it is unlikely that it will soon threaten the dominance of Western companies in the cloud sector. In addition, growing domestic competition makes it difficult for the company to significantly improve its cloud business. For this reason, Western technology companies are likely to be a more attractive investment in the near future than Alibaba.
When we decide to invest, it is important to make the right moves. It is unwise to go it alone, so it is critical to get the help of a financial advisor or use smart tools such as those offered by TRADING VIEW. These tools provide a comprehensive assessment of companies and an information feed to help us make more reasoned investment decisions.
Looking on TRADING VIEW, it is clear that we are facing a very negative technical situation.
As you can see, there is no confirmation from the technical analysis to make the purchase.
With TradingView, you can get a summary of all the major technical indicators quickly and easily.
In China, one of the main problems in the market is the lack of investor confidence. Although there are many opportunities to buy at discounted prices, it is always better to wait for clearer signals, such as those from upcoming quarterly reports, before making major decisions.
As for Alibaba, I anticipate a stable market phase for the rest of the year. My strategy for this stock is based on buying after a positive quarterly and only if prices stay above the 100-day moving average, to get a buy confirmation from technical analysis as well.
We look forward to seeing you in the next article! And remember, for successful trading always rely on Tradingview: an indispensable tool that can help you avoid serious mistakes during your trades.
