Learn to Evaluate (BABA) using the Charts

January 04, 2024, 15:56 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BABA

• Buy BABA slightly over 67.75 target 77.09 stop loss @ 67.55 Details

The technical summary data tells us to buy BABA near 67.75 with an upside target of 77.09. This data also tells us to set a stop loss @ 67.55 to protect against excessive loss in case the stock begins to move against the trade. 67.75 is the first level of support below 74.745 , and by rule, any test of support is a buy signal. In this case, support 67.75 would be being tested, so a buy signal would exist.

• Short BABA slightly under 77.09, target 67.75, stop loss @ 77.31 Details

The technical summary data is suggesting a short of BABA as it gets near 77.09 with a downside target of 67.75. We should have a stop loss in place at 77.31though. 77.09 is the first level of resistance above 74.745, and by rule, any test of resistance is a short signal. In this case, if resistance 77.09 is being tested, so a short signal would exist.

Swing Trading Plans for BABA

• Buy BABA slightly over 75.65, target 77.09, Stop Loss @ 75.43 Details

If 75.65 begins to break higher, the technical summary data tells us to buy BABA just slightly over 75.65, with an upside target of 77.09. The data also tells us to set a stop loss @ 75.43 in case the stock turns against the trade. 75.65 is the first level of resistance above 74.745, and by rule, any break above resistance is a buy signal. In this case, 75.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BABA slightly near 75.65, target 67.75, Stop Loss @ 75.87. Details

The technical summary data is suggesting a short of BABA if it tests 75.65 with a downside target of 67.75. We should have a stop loss in place at 75.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BABA

• Buy BABA slightly over 75.65, target 76.72, Stop Loss @ 75.47 Details

If 75.65 begins to break higher, the technical summary data tells us to buy BABA just slightly over 75.65, with an upside target of 76.72. The data also tells us to set a stop loss @ 75.47 in case the stock turns against the trade. 75.65 is the first level of resistance above 74.745, and by rule, any break above resistance is a buy signal. In this case, 75.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BABA slightly near 75.65, target 74.71, Stop Loss @ 75.83. Details

The technical summary data is suggesting a short of BABA if it tests 75.65 with a downside target of 74.71. We should have a stop loss in place at 75.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Alibaba Group Holding Limited American Depositary Shares Each Representing Eight (BABA) available here: BABA.

BABA Ratings for January 04:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	67.75
P2	74.71	75.65	77.09
P3	76.72	77.62	86.57

AI Generated Signals for BABA

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Alibaba Group Holding Limited American Depositary Shares Each Representing Eight (NASDAQ: BABA) report below can help you understand how to do this. The trading plans for BABA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.