BABA - Alibaba

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Stockaholic, Mar 31, 2016.

  1. bigbull

    bigbull Active Member

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    IF market weakness persists, traders may target $169.26 or a re-test of the April 2018 lows.

    In an ideal world, the perfect set-up would be for BABA to re-test those lows come fall, and then proceed to trade back above $182.57, confirming a low on the weekly and monthly time frames.

    OR

    Use $185.13 as support throughout this consolidation phase into year-end before reclaiming $198.

    Of course, the market rarely gives you the set-up you want. For now its best to trade both ranges; lower range -- $179.73 to $186.06 and the higher range -- $192 to $210, or if you believe in the long term trajectory of the company, buy in increments on prints between $169 to $185 and/or above $198.00.

    Like the broader market, this is going nowhere fast until tech consolidates further and a new sector emerges as a leader.
     
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  2. bigbull

    bigbull Active Member

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    $189.72 remains the pivot to the lower ($179.73 to $186.06) and upper ($192 to $210) range. Meanwhile, $194.10 must hold by year end to keep the mid and long term uptrend intact. Those price points have not changed. Failure to hold onto these price levels would imply, at a minimum, further consolidation into the first three months of next year or a potential breakdown in price. Whether the breakdown is the beginning of a larger breakdown or a fake-out is unclear.

    A re-test of $179.68 - $181.15 by Labor Day would provide the ideal set-up to go long the stock at a favorable risk-reward set-up. You risk $19 in downside but have the possibility of making $30 to $50 in potential upside contingent on $194.10 holding into year-end. Call it a 2:1 risk/reward ratio.

    As mentioned earlier, markets rarely give you the ideal entry point unless it part of a larger move. If you are confident in the trajectory of the stock, buying in increments between $179.68 to $194.10 is the best option given the amount of short term noise (positioning).

    I`ve read articles where people are recommending buying Altaba -- AABA over BABA given AABAs steeper discount to its NAV. Either way, its hard not to buy into a secular growth story.
     
    #182 bigbull, Jul 23, 2018
    Last edited: Jul 23, 2018
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  3. StockJock-e

    StockJock-e Brew Master
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    The $170 area has been good for long positions this past year, eyeing it out again.
     
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  4. Onepoint272

    Onepoint272 2019 Stockaholics Contest Winner

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    I'm with ya. I just want to see the supply dry up before committing.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Took a shot today at 170.XX shortly after the open.
     
  6. KyleLennon

    KyleLennon Member

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    Management is calling for 60% revenue growth in FY19--and this is well ahead of market expectations of 40% growth. 60% growth (50% excluding the consolidation of food delivery platform Ele.me and Cainiao) further validates the underpinning network effect for the company. Analysts are now closely watching the retailer's aggressive expansion into new categories (fashion, CPG) and verticals beyond e-commerce, such as local services and entertainment.
     
  7. StockJock-e

    StockJock-e Brew Master
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    Continuing that bounce off 165, really picking up momentum here
     
  8. Lonnie Ray

    Lonnie Ray Active Member

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  9. StockJock-e

    StockJock-e Brew Master
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    On my watch list here
     
  10. StockJock-e

    StockJock-e Brew Master
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    From 130 to 150 in this bounce, BABA is looking pretty solid
     
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  11. StockJock-e

    StockJock-e Brew Master
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    Eyeing 190 on this move
     
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  12. StockJock-e

    StockJock-e Brew Master
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    Watching for that move over $190
     
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  13. StockJock-e

    StockJock-e Brew Master
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    After hitting new 52wk highs, a bit of a sell off this morning.
     
  14. StockJock-e

    StockJock-e Brew Master
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    Is this our tradewar indicator?
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Weekly chart
    [​IMG]
    Looks like it's around a pretty good zone to buy the dip.
    There's an upchannel where it is testing the support line.
     
  16. T0rm3nted

    T0rm3nted Moderator
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    I have an alert for $150 on this one. Then I'll start looking closer to decide if I want to get in.
     
  17. StockJock-e

    StockJock-e Brew Master
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    This is actually a very interesting stock here.

    The market melt down has taken most other stocks way lower, BABA is not bad!
     
  18. StockJock-e

    StockJock-e Brew Master
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    Hang onto it, BABA is good
     
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  19. lax

    lax New Member

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    not seeing it go beyond $188 in the best of rallies...
     
  20. StockJock-e

    StockJock-e Brew Master
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    You talking about the next 6 minutes or the next 6 months?
     

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