Buy AliBaba around $88-$89. Trendline BreakoutBreak the trendline, Alibaba. The two resistance levels it will now encounter are 91.55 (recent high) and 93.27 (200 Days EMA - Daily Chart). Once it breaks, we will only be able to see 105.20.
BABA/N trade ideas
BABA resistance = support pattern detected! 🙈BABA did struggle last time we did reach this level, so clean break of pivot level (96.06) must come before we have any chance of hitting my upside targets.
that resistance = support followed by climb back above all SMAs is nice though. keep an eye on this stock, can run hard soon.
boost and follow for more.. thanks ❤
SasanSeifi 💁♂️BABA 👉1D
Hey there! Let's take a look at what's happening on the daily chart. After some minor fluctuations between the $80 and $90 price ranges, things got exciting! The price broke through the $90 resistance level and soared all the way up to $102. Then, after a small correction and a pullback to the $90 resistance level, it's now trading around $100.
So, what can we expect next? Well, if the $90 price range holds up, we might see the price making its way up to the $108 and $115 supply zones. The possible trend is pretty clear. But, keep your eyes peeled! If the price dips below the support level, we could be in for some more corrections.
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
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Alibaba's Evolution: A Struggle for Restoration and Renewed...Alibaba's Evolution: A Struggle for Restoration and Renewed Confidence
Once hailed as a beacon of promise tied to China's expansive growth prospects, Alibaba finds itself navigating a complex narrative. The owner of revered e-commerce platforms Taobao and Tmall, as well as the behemoth Alibaba Cloud, the company has weathered a transformation from Wall Street's darling to a thorny challenge for investors in recent years. A series of setbacks, including the Ant Group's IPO cancellation and faltering growth, have propelled Alibaba's stock into a downward spiral, plummeting by more than 70% from its zenith at $317 per share.
Responding to this predicament, Alibaba is orchestrating a significant corporate overhaul, fragmenting its structure into six distinct units. Despite these steps, further actions are necessary to course-correct the beleaguered ship. This article explores two vital domains Alibaba must address to regain investor confidence.
Emerging as an e-commerce powerhouse, Alibaba's growth trajectory has expanded both vertically and horizontally, encompassing sectors like logistics, fintech, entertainment, cloud computing, and more. While the diversified business model garners applause, e-commerce remains the unequivocal core, accounting for a substantial 67% of the company's revenue in the fiscal year ending March 31, 2023. Notably, this segment contributed to the entirety of Alibaba's profits during that period, as other segments reported losses.
Yet, Alibaba's foundation remains predominantly anchored in Chinese e-commerce, presenting a challenge. The flagship endeavor led by Tmall and Taobao faced a 1% revenue dip over the last fiscal year. While pandemic-related lockdowns contributed, the rise of contenders like Pinduoduo and Douyin has intensified pressure. Alibaba must undertake a transformative journey to adapt before this challenge escalates.
In response, Alibaba's reorganization into six units seeks to empower each division with dedicated management, enhancing operational efficiency, market adaptability, decision-making speed, and incentive structures. This endeavor aims to resurrect the entrepreneurial spirit crucial for revitalization.
Investors must grant several quarters to assess the efficacy of these newly established teams. The e-commerce segment must rekindle growth momentum, ideally surpassing industry rates. As Alibaba realigns itself, the path forward holds intrigue as it strives to recapture its competitive edge.
Beyond operational excellence, capital allocation emerges as a pivotal arena requiring attention. Historically, Alibaba directed profits from its e-commerce pillar into high-growth domains like cloud computing and logistics. With autonomous subsidiaries, units now secure funding independently, easing e-commerce's burden.
Alibaba's surplus cash flow beckons strategic redirection to enhance e-commerce and shareholder value. This includes judicious investment in marketing and research, amplifying competitiveness. Share repurchases and dividend policies also warrant consideration, given historically low stock valuations. Fresh ventures are plausible, but discernment is crucial.
Alibaba stands poised to create shareholder value through astute capital allocation. This realm warrants vigilant investor scrutiny, given its profound impact.
Once a cornerstone of China's tech landscape, Alibaba's journey has been marred by errors and external challenges that eroded investor trust. Yet, hope gleams. Alibaba's premier domains remain potent. Restoration lies in honing these for enduring value. Through corporate restructuring, the company embarks on rejuvenation. Patience is vital, awaiting the fruits of this turnaround.
With renewed operations and strategic capital use, Alibaba's renaissance nears. The narrative could return to its former glory, focusing on nurturing its remarkable franchises.
ALIBABA first Golden Cross in 6 months. Buy signal.Alibaba (BABA) is completing today the first Golden Cross formation since January 23. This is a bullish medium-term pattern and along with the 1D RSI bullish trend on Higher Lows, it will most likely end with a Higher High on a 6 month basis.
As you see, the price recently broke above a Channel Up pattern, so we expect an aggressive rally to the Lower Highs trend-line, similar to those rises of January 2023 and June - July 2022. Our target is 116.00, even though there is potential for a direct hit within the 1 Year Resistance Zone.
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$BABA Bearish to Bottom PatternNYSE:BABA Bearish to Bottom Pattern with inverse head & shoulders pattern ready to break. The inverse head and shoulders is a bullish reversal pattern commonly observed in technical analysis of financial markets. It consists of three distinct troughs - a lower trough (the head) flanked by two higher troughs (the shoulders) on either side. This pattern suggests a potential shift from a downtrend to an uptrend.
The inverse head and shoulders pattern signifies a transition in investor sentiment, with the middle trough representing a point of extreme bearishness and the surrounding higher troughs indicating diminishing selling pressure. When the price breaks above the neckline (a level formed by connecting the highs between the shoulders), it confirms the pattern and suggests a potential upward move. This breakout is often accompanied by increased trading volume, reinforcing the likelihood of a trend reversal.
Traders and analysts consider the inverse head and shoulders as a reliable indication of a market bottom and a potential opportunity to enter long positions. It is important, however, to consider other factors and indicators alongside the pattern to make informed trading decisions.
Waiting for Alibaba to RetraceAlibaba has been displaying strong bullish momentum in recent weeks, and it is now approaching a key resistance level. As experienced traders know, price levels with significant order concentrations often act as turning points or areas of increased buying interest. In this case, the $90 level has caught our attention due to the substantial buying volumes that were witnessed in the past.
To manage risk effectively, we recommend setting a floating stop-loss just above the $90 mark. By doing so, we can protect our positions in case the price fails to hold above this level and experiences a deeper pullback. A floating stop-loss allows for flexibility, as it can be adjusted as the price moves in our favor.
BABANYSE:BABA
The stock is heading towards this major resistance level (120-130) $
For more bullish senario we need to stay above that resistance level , otherwise it would be a 3 corrective waves move.
At the meantime our resistance is 105
and our support is 83
$BABA Are you paying attention to detailNYSE:BABA long for weekly progression. Targets outlined on chart. SL at the swing low. Gets get it.
Want to learn to trade? PM me
Alibaba Group Holding Limited (‘BABA’)
Shares in Alibaba Group Holding Limited (symbol ‘BABA’) incurred losses in the second quarter of around 7%. The company’s earnings report for the fiscal quarter ending June 2023 is set to be released on Thursday 10th of August, before market open. The consensus EPS is $1.50 compared to the same quarter of last year at $1.40.
‘As of 31/03/2023 the company is reporting a current ratio of more than 180% showing its ability to repay short term liabilities with the current assets in hand while the total assets outweigh the total liabilities at a ratio of more than 2:1 proving the financial strength of the company at least in the short term.’ said Antreas Themistokleous, an analyst at Exness
On the technical side the price is on the move to recoup the recent losses but faced sufficient resistance on the upper band of the Bollinger bands and is currently correcting to the downside. The 50 day moving average was about to cross the 100 day moving average confirming the bullish trend but the recent correction in the market has not allowed that just yet while at the same it pushed the Stochastic oscillator back to “neutral” levels.
If the price manages to make a valid break below the 38.2% of the Fibonacci level around $94 then the next area of strong technical support could possibly be found around the $88 price area which consists of the 50&100 moving averages as well as the 23.6% of the weekly Fibonacci retracement level.
Baba has been a difficult one for Investors?Alibaba has been a difficult one for me at least.
With all the HYPE about the splitting up to create value actually caused the stock to drop off dramatically and for me was unexpected.
Looking forward, i.ve started to see some support, and I'm looking for a potential upside of +-20% to the 0.8 +- FIB levels.
Time will tell.
Your comments are welcome.
Kind Regards.
Graham.
(BABA) 1H - Bear harmonic patterns + Negative DivergenceOn July 21, price made a successful test and re-test of the Schiff Median Line(black) and rallied to new highs. It has now printed four distinct bearish harmonic patterns. Note the overlapping PRZ's and the price rejection @ 102.43(HOP level of the .618AB=CD). I have plotted the NHR levels(purple dotted) and targets for the Crab patterns(green). I've also plotted a 0-4 Action/Reaction line set(lavender dashed). Note how the action line originating from the July top pivot has a series of six interactions with price(July 19-31). RSI is clearly showing Negative Divergence. Price action since July 28 has the appearance of a discordant 3 Drives Top pattern. The recent reaction has printed an Entry Confirmation Line(blue horizontal). The grey lines above the patterns are Harmonic Optimal Price lines associated with the patterns. Entries based off of this analysis should be made above 101.08. The ideal entry was at the interaction with the 0-4 A/R set when it occurred above the PRZ's. I would not be surprised to see a gap down tomorrow, but I am wishfully stalking for a re-test of the ECL entry.
Technical and digital analysisWe notice that we are in the process of a correction for the ascension, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy and there is divergence
BABA BULLISH SCENARIOAlibaba has decided not to join the share buyback of its fintech arm, Ant Group. Ant Group remains an important partner, and Alibaba wants to maintain its shareholding. The buyback was initiated following Beijing's crackdown on web giants, with Ant Group receiving a substantial fine. Alibaba's stock value in Ant Group remains lower than in 2020 when an IPO was canceled. Speculation arises about a potential IPO retry, but significant changes have occurred since then, including Alibaba's split into six companies and a reshuffling of its executive leadership. Earnings anticipations set BABA in a good direction.
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BABA [Alibaba] 4H ( Bullish Scenario) BABA on the daily timeframe are showing favorable conditions. If the $100 resistance level is broken, it could potentially lead to higher figures. However, in case of a rejection from this level, the stock might undergo a correction towards the support areas at $95 and $91 before resuming its upward movement.
Alibaba low risk high profit set up
NYSE:BABA
Alibaba is at demand zone currently testing the down trend price channel which it broke out from it earlier and tested the higher levels now retraced taking support at demand zone go long low risk high profit trade,
BABA - Yet Another Great Market DishThe markets are dishing up great buys for those with eyes to see.
Have been watching this one a long time and the bear market was a classic Elliott Wave 1:1.618:1 which revealed the impulsive SC Selling Climax low.
The first clue that the accumulation was entering the end phase was moving out of the Pitchfork that has held price for so long.
We have made out first entries upon the first weekly candle close outside of the Pitchfork outer warning line.
Now this is breaking out, this will likely go on to engulf the previous high as it moves through a lucrative bull market.
Could yet see a pull back as it is still well within the larger AR Automatic Rally accumulative range and if it does we'll be looking to buy the dip at a significant landmark.
Not advice.
BABA $105 strike volume = 20,784 and Open int.= 36,8 AUG 11-25BABA seems to be moving accordingly to my due diligence a couple weeks back...institutional and retail money appears to be stockpiling at strike $105 ...I anticipate a pullback around $101.5...if this happens then these $105 strike contracts everyone loving could go on sale for me and you.
$BABA INVERSE HEAD & SHOULDERS - DAILY.NYSE:BABA
Inverse Head and shoulders forming on the NYSE:BABA daily. Could run up to 105 and if that resistance is broken and becomes support, could then run to 121. Trade safe!
Alibaba Group Holding buying opportunityAlibaba is potentially in the process of making a head and shoulder patten.
Break of neckline should be with heavy volume to be successful.
BABA heading back to 200 +100% gainWith this being beaten up for years, the monthly looks to be building a support finally.
I usually try to stay away from chinese stocks, but I am long here
$BABA Inverse Head & ShoulderNYSE:BABA Inverse Head & Shoulder. The inverse head and shoulders pattern is a bullish reversal pattern that is often seen in stocks that have been in a downtrend. The pattern is characterized by three troughs, with the middle trough being lower than the other two. The neckline is the horizontal line that connects the bottoms of the two outer troughs.
If the price of BABA breaks above the neckline, it would be a signal that the downtrend is over and that the stock is likely to move higher. The target price for the breakout would be the distance between the neckline and the head of the pattern.
Of course, no pattern is guaranteed, and there is always the possibility that BABA could break down below the neckline instead. However, the inverse head and shoulders pattern is a bullish signal that is worth watching for.
