Tag: Alibaba Group

CFD Trading – Sell Alibaba Group Holdings(BABA.NYS) @ $240.30. Stop @ $256.30 and Target @ $221.70

Nicholas

Alibaba Group Holdings Limited Stock Code BABA.NYS

Outlook
Price reached a high of $274.29 on 16 February 2021 and has been on a decline since that high. Last Friday, price broke below the cloud, hinting that the correction could have more downsides ahead. Conversion line and Base line had a bearish crossover, hinting of bearish price trend ahead. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD is bearish and there was a bearish crossover earlier. MACD is hinting of a bearish price trend ahead. We think the correction could be heading lower to the support area at $221.67 in the next 2-3 weeks.

Strategy                  
$240.30              Sell
$221.70              Price Target
$256.30              Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy Alibaba Group Holding (BABA.NYS) @ $261.00. Stop @ $251.00 and Target @ $281.00.

Nicholas
Outlook
Price was supported for a second time at the low of $252.30 and there was a divergence warning from MACD as well. An Abandoned Baby candlestick price pattern was also formed with in the last 3 days of trading activity. This is a bullish reversal candlestick pattern. We think price is likely to test the upper edge of the cloud as well as a previous high on 24 November at $280.30

Strategy                  
$261.00              Buy
$281.00              Price Target
$251.00              Risk Management Stop
3 weeks              Trade Duration

CFD Trading – Buy Alibaba Group Holding Limited (BABA.NYS) @ $271.00. Stop at $263.20 and Target at $298.30

Nicholas

Alibaba Group Holding Limited Stock Code BABA.NYS

Outlook
Price reached a high of $299 on 2 September 2020 and in a 3-day pullback, has reached the gap zone from $271.62 to $265.80. Last Friday’s low of $267.39 could be the end of a short correction and price could be about to test the previous high of $299 again. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and above the cloud. Lagging Span confirms the bullish trend in place. MACD is bullish with both of its lines above the zero line as well. If price can hold above the gap zone lower limit of $265.80, price is likely to test the previous high of $299 again.

Strategy
$271.00              Buy
$298.30              Price Target
$263.20              Risk Management Stop
3 weeks Trade Duration

CFD Trading Buy Alibaba @ $248.00. Stop at $239.20 and Target at $283.30

Nicholas

Alibaba Group Holding Limited Stock Code BABA.NYS

Outlook
Price broke above the cloud on 29 May 2020 and has been above the cloud since that breakout. Following that breakout, price has risen to a high of $268.00. Price went into a correction after this high but has managed to stay above the cloud and above the Base line during the consolidation process. Conversion and Base lines had a bullish crossover on 9 July to confirm the bullish trend. Lagging Span is above price of 26 days ago and above the cloud. Lagging Span confirms the bullish trend in place. MACD is bullish with both of its lines above the zero line as well. Price is currently consolidating within a triangle pattern and a breakout of this triangle pattern is likely to send price higher to $283.20.

Strategy
$248.00              Buy
$283.30              Price Target
$239.20              Risk Management Stop
3 weeks Trade Duration

CFD Trading 16 July 2019

Nicholas

Alibaba Group Holding Ltd Stock Code BABA.NYS

Outlook

Price broke and closed above cloud yesterday, hinting of a new bullish trend ahead. Price also managed to close a gap resistance, negating the bearish trend before yesterday. Price also created a small opening gap and as long as this gap is not closed, the trend is bullish. MACD is bullish and above the zero line. Both MACD lines are rising as well. Price could head higher to test the gap resistance zone at $189.27 to $191.89

Strategy

$173.10 Buy
$189.20 Price Target
$163.90 Risk Management Stop
3 weeks Trade Duration

Xilinx Inc Stock Code XLNX.NAS

Outlook

Price broke above the cloud again for the second time and this time it looks like it will move higher. We saw two green candlesticks as price broke above the cloud. MACD is bullish and above the zero line and both MACD’s lines are rising. MACD’s histogram is also starting to rise having changed it colour to green. As long as price can stay above the cloud, it should be moving to test the gap resistance from $126.60 to $136.81.

Strategy

$121.70 Buy
$132.90 Price Target
$114.00 Risk Management Stop
3 weeks Trade Duration

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