When the Price of (BABA) Talks, People Listen
February 02, 2025, 06:08 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BABA
- Buy BABA near 93.98 target 106.27 stop loss @ 93.71 Details
The technical summary data tells us to buy BABA near 93.98 with an upside target of 106.27. This data also tells us to set a stop loss @ 93.71 to protect against excessive loss in case the stock begins to move against the trade. 93.98 is the first level of support below 98.84 , and by rule, any test of support is a buy signal. In this case, support 93.98 is being tested, a buy signal would exist.
- Short BABA slightly under 106.27, target 93.98, stop loss @ 106.58 Details
The technical summary data is suggesting a short of BABA as it gets near 106.27 with a downside target of 93.98. We should have a stop loss in place at 106.58though. 106.27 is the first level of resistance above 98.84, and by rule, any test of resistance is a short signal. In this case, if resistance 106.27 is being tested, a short signal would exist.
Swing Trading Plans for BABA
- Buy BABA slightly over 103.21, target 106.27, Stop Loss @ 102.91 Details
If 103.21 begins to break higher, the technical summary data tells us to buy BABA just slightly over 103.21, with an upside target of 106.27. The data also tells us to set a stop loss @ 102.91 in case the stock turns against the trade. 103.21 is the first level of resistance above 98.84, and by rule, any break above resistance is a buy signal. In this case, 103.21, 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 103.21, target 97.37, Stop Loss @ 103.51. Details
The technical summary data is suggesting a short of BABA if it tests 103.21 with a downside target of 97.37. We should have a stop loss in place at 103.51 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, 103.21, 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 100.86, target 103.21, Stop Loss @ 100.62 Details
If 100.86 begins to break higher, the technical summary data tells us to buy BABA just slightly over 100.86, with an upside target of 103.21. The data also tells us to set a stop loss @ 100.62 in case the stock turns against the trade. 100.86 is the first level of resistance above 98.84, and by rule, any break above resistance is a buy signal. In this case, 100.86, 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 100.86, target 97.37, Stop Loss @ 101.1. Details
The technical summary data is suggesting a short of BABA if it tests 100.86 with a downside target of 97.37. We should have a stop loss in place at 101.1 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, 100.86, 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 February 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
83.79 |
| P2 |
100.86 |
97.37 |
93.98 |
| P3 |
105.91 |
103.21 |
106.27 |
AI Generated Signals for BABA
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Alibaba Group Holding Limited American Depositary Shares Each Representing Eight (NASDAQ: BABA) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for BABA can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BABA:
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