BABA - Alibaba

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

  1. T0rm3nted

    T0rm3nted Moderator
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    Pretty critical support level here, and a little more down in the $87.50 area. There's pretty clear upside up to ~$110 here if it bounces. Took a position in this yesterday.

    upload_2016-12-2_12-20-36.png
     
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  2. fidelgeorge

    fidelgeorge Well-Known Member

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    Weakness was there last few sessions if not weeks, and now expect some more selling pressure but BO
    baba.png
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Still holding that $90 support level

    upload_2016-12-5_22-56-54.png
     
  4. T0rm3nted

    T0rm3nted Moderator
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  5. heyimsnuffles

    heyimsnuffles Active Member

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    Looks like it's going to test the low and print $85
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Quite possibly, markets been up last few days and it's just holding $90, might just take a bad day or two to close the gap down to $85. I was hoping it would bounce by now.
     
  7. T0rm3nted

    T0rm3nted Moderator
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  8. T0rm3nted

    T0rm3nted Moderator
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  9. fidelgeorge

    fidelgeorge Well-Known Member

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    Sellers remain in control for the short term but intermediate trend up and strong. Will see if we can get $85 area next few weeks.
     
  10. Gambit

    Gambit Active Member

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  11. T0rm3nted

    T0rm3nted Moderator
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    Has started the gap fill down, I'll probably be cutting my losses if it drops below the 200MA

    upload_2016-12-16_12-20-3.png
     
  12. heyimsnuffles

    heyimsnuffles Active Member

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    just a drop or a close under. I like to do closing prices at big areas like this. Too many times you see a big buyer at the end of the day
     
  13. Gambit

    Gambit Active Member

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    $BABA will $85 entry point come before NY the chance is very good n it can even go lower from there but accumulating there not bad at all.
     
  14. fidelgeorge

    fidelgeorge Well-Known Member

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    This is close to entry point and bears remain in control for now. The persistence of the price weakness is a big concern.
     
  15. Gambit

    Gambit Active Member

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  16. T0rm3nted

    T0rm3nted Moderator
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    Closed my position in BABA as it seems to have broken the levels of support that I wanted to stick to. Could still bounce, but can win them all. I'll look for a better spot. Now that it's closed the gap down, it could very easily see the $70's.

    upload_2016-12-23_9-50-38.png
     
  17. fidelgeorge

    fidelgeorge Well-Known Member

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    This seems to put behind $85 worry line but not out of the woods yet. Holding above $90 encouraging for many bulls but bears at backyard
     
  18. T0rm3nted

    T0rm3nted Moderator
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    Looks like another one I closed too early. 4% loss could have been a 3% gain just a couple weeks later (7 trading days). Looking at it again, while it did close the gap down, that gap ended with a single candle in that area (8/10/16). If I would have considered the gap down the rest of the candles (7/20/16-8/9/16), I would have still been in and trying to play one last bounce.

    Oh well, live and learn.
     
  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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  20. fidelgeorge

    fidelgeorge Well-Known Member

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    Though the PR helped it a lot today, the price failed to hold above $95 which is a crucial level for many to initiate a new long Position. Watch $95.
     
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