HBBD trade ideas
Falling knifeBaba is a falling knife . Can touch 190-180 which is the actual demand zone to create shakeout structure.
SellSell on rise around 270-280 with sl above 285 ( daily closing) for target 190. Most of the candles in supply zone couldn't manage to close above open of the respective day which signals that supply is coming at higher levels.
Disc : it's not an investment advice to buy or sell
Move upbaba is likely to move up to 254-257. This is just a short term bounce till the time 234 is holding . Buying can be done at 240-241 with sl below 234 . Those holding postion at higher levels can look to exit around 255-265 . I do not seee it crossing again 285 levels in meidum term. From there I expect 190-177 levels.
Alibaba at support! Good R:R long opportunity Alibaba respecting the long term fib levels well. Great Reward:Risk (~3:1) at this level, with stops safely below the Volume Profile POC at ~195 (aggressive), targeting ~320
NYSE:BABA
Demand supply zone241-265 should be the supply zone where big 🐋 s might offload who had accumulated in previous buying zone. They didn't expect regulatory action. Will try to avoid getting stuck in a wrong trade because of uncertainty. 188-178 will be the demand zone where actual institutional investors may emerge.
Alibaba Group Analysis For 02-12-2020Alibaba Group Holding Ltd Looking Bullish on 02-12-2020 Go For Buy trade
ALIBABA GROUP HOLDINGS LTD. 1DThe BABA stock in an uptrend, the price respects the support and resistance.
ALIBABA to BUY on the OPENI will take the opening to get LONG on ALIBABA stock.
2 scenarios:
a- MARKET open and price go straight to R2 pivot level at 200
b- A retest around 192 ish level to target R2 pivot level at 200
Obvisously scenario 3 with invalidation at 187 level (which is ok and included in the risk management).
Happy trading
BAT LEVEL 2 - SHORT TERM CALL.ENTRY @167.25
STOPLOSS 165.25
TARGET OF 171.25
VERY SHORT TERM OF 56 HOURS.
Cup & Handle Breakout in Alibaba. $BABA-Huge volume cup and handle breakout in Alibaba.
-Buyers came in in large numbers as the stock crossed $200 mark.
-Should move higher if $200 level holds.
-Stock is strong uptrend.
Not an investment advice. Do your own due diligence.
