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.
Again, consolidating at support at the $90 level, no solid moves either way yet. Alibaba Group Holding Ltd. (BABA) Receives Buy Rating from Brean Capital Source: https://www.americanbankingnews.com...a-receives-buy-rating-from-brean-capital.html
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.
BABA grinding it's way up the 2nd half of this week. Morgan Stanely initiated coverage at a rating of "Overweight". Alibaba Initiated at Overweight by Morgan Stanley (BABA) Source: http://www.investopedia.com/news/alibaba-initiated-overweight-morgan-stanley-baba/
Small drop today on not much news Alibaba Plans to Win Over Southeast Asia Through More Than Just Acquisitions Source: https://www.thestreet.com/story/139...asia-through-more-than-just-acquisitions.html
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.
2 BIG Alibaba Group Holding Ltd (BABA) Stock Catalysts to Watch Out For http://investorplace.com/2016/12/2-...-ltd-baba-stock-catalysts-watch/#.WFFsQX2DAaY
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
$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.
This is close to entry point and bears remain in control for now. The persistence of the price weakness is a big concern.
Alibaba Gets Christmas Coal From Washington http://seekingalpha.com/article/4032304-alibaba-gets-christmas-coal-washington
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.
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
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.
Alibaba founder Jack Ma meets with Trump, pledges to create 1 million US jobs https://finance.yahoo.com/news/alibaba-ceo-jack-ma-meets-164900109.html
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.
