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In this video, I explain why I personally believe Alibaba Stock is a great investment at this moment in time. I also map out all of the key price levels that will be in play this upcoming week! Enjoy!
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Hey what's going on, i hope that you're having an amazing day, my name is matt, and this channel is all about stocks trading and investing in this video. I will be explaining why alibaba is currently in a perfect position for a long-term investment. To be completely honest, not only am i expecting considerable upswings in 2021, but for years to come, i really think that we are being faced with an easy money making opportunity after i get through all my reasoning. I will also be doing a full technical breakdown of alibaba stock, where i highlight the key price levels that will be in play for the upcoming week, but before we get into all that, if you enjoyed this type of stock market content, don't forget to join the Moon gang by hitting the subscribe button, i'm just about to hit 10 000 subscribers and your help with that milestone would be truly appreciated.

Also, if you want free stocks, make sure to check out those links to robinhood and weeble in the description of this video and now with all of that out of the way, let's roll, the tape, you should know that i am invested in alibaba in my public Account that i share all the details with you, i own shares at 238 and in my private account, i'm invested at a cost basis of 254.. There is really no point of accusing me of being biased, because i fully admit that i am i'm strongly favoring a bullish outcome. Now you may be wondering why am i so confident, especially when there's recent headlines such as this alibaba is facing an existential crisis? Beyond being grabby, this article does have valid points. There are rising political tensions between the u.s and china alibaba as a company is facing regulation issues from both the u.s and chinese governments, and on top of that there is a classic increase in competition.

As i said, these are all valid points, even though i think they're being overstated a bit, but i think there's even stronger reasons to be invested in alibaba. First off alibaba will not be delisted from u.s exchanges. This was a hot topic for quite a while, and i covered it in much more detail in my previous videos, but the bottom line is this: there's too much money at stake and alibaba will not be removed from u.s markets. Next, we have what i assume most people view to be the biggest issue facing alibaba the ccp.

It is no secret that there is some sort of political pissing match going on between the chinese government and alibaba jack ma. They canceled the ant group ipo they're investigating the company for monopolistic practices and geez jack ma was even thought to be missing for a bit. I don't want to understate this. These are very serious issues, but don't forget that alibaba is the highest profile technology.

Success story of china, so it really doesn't make much sense that the government would want to ruin the company, especially if you believe the rumors that members of the ccp are invested in alibaba. They wouldn't want to hurt their own financial interest. I strongly believe that the ccp is just posturing, so they can remind the world that they are in charge and once they do this, i think that this particular issue will blow over sooner rather than later. My third and final reason is much more of a fundamental one.

Alibaba is a pretty incredible business quarter every quarter year over year. It is growing at a considerable rate, and i think that that will continue into the future, because the company is uniquely positioned to take full advantage of the massive market which is china overall. I believe that the stock has been unfairly beaten down and it is strongly overdue for a rebound as we wait for that to play out. Let's check out, what's going on in the charts already on the screen now is alibaba's daily chart and it trades under the ticker baba the stock closed out the second full trading week of 2021 at 243 dollars and thus far in the year.

It is up 4.6. This is the current technical situation that alibaba is in for those of you who are new to the channel. Here's a quick recap of what's been going on from march until late october of 2020, alibaba was performing very nicely at one point. In july we saw this triangle, which is also referred to a bullish pennant.

We eventually saw a breakout and new relative high at the key psychological level of 300. From there it was forced to reaffirm the price level at 268 and then it bounced up to its current all-time high of 319. After hitting this high water mark, things got pretty ugly for the stock. The ant group ipo was delayed.

The company was hit with regulation issues from both the u.s and chinese government and, as i said before, at one point, jack ma was even thought to be missing from this high. At one point, the stock did come down 30 percent, which is definitely in the bearish territory, but now it has rallied a little bit and it's down only 23. This most recent gap down on christmas eve came after it was announced that china would be investigating the company for monopolistic practices. Since then, it has been drifting upward and that's mainly because it was announced that baba will not be removed from u.s markets.

From a technical perspective, i really like how it bounced off of this previous support at 212, which is what we saw in june and it finally bounced out of this oversold territory. The stock has now consistently been making higher lows, and now it's in this region of resistance, which is where the stock was battling it out back in july and august moving forward, i'm really liking how alibaba stock has been hitting higher lows, and it makes me confident That the stock will be able to retrace back up to this previous support between 250 and 252, which is most likely now turned into resistance. It's also worthwhile to note that this price level aligns with this white trend line, so that will make this resistance even stronger. So, to put it simply, the bull camp definitely has their work cut out for them.

If and most likely, when the bulls get alibaba above this resistance, it will turn into support and past that i would recommend watching 268, which is the top of this bullish pennant and from there we have two more gap fills. The first will come at 275 and the next would come at 291. to clarify these three targets have much more of a medium time frame associated with them in the immediate future. I will personally be watching to see how the bulls and bears battle it out between 250 252 and this trend line i'll be looking for a breakout.

But if there isn't a rejection, i will be looking for a new higher support to be found most likely in the region of 240 to 241 now to get a better idea of what alibaba stock might do over the next few trading days. Let's switch over to the four hour chart before we jump into this time frame as a quick reminder. The name of this charting software is training view and, if you're interested in trying it out, there's a link to a free 30-day trial. In the description of this video, if you decide to sign up with it, it is a great way to support this channel anyway.

Back to alibaba, this chart does a much better job at explaining. Why i'm so excited for the current opportunity from late october? Up until recently, alibaba had a very tough time getting above this trendline. There were countless rejections, but on the news that the u.s won't be banning the stock, we finally had a breakout. Yes, the stock is now struggling in this region of resistance, but well it is a region of resistance, and on top of that, the rsi is starting to get pretty close to the overbought territory.

So i wouldn't be surprised if the support at 240 or 231 needs to be reaffirmed, so the rsi has a chance to cool off and then we'll see the next leg higher. But don't forget that no technical indicator is perfect. It is very possible that right from here at 2, 243 alibaba could shoot higher in the long term. I am fully expecting alibaba stock to fill these two gaps to 275 291 and eventually test the current all-time high of 319..

In the short term, i would argue that these supports at 240 and 231 are great, long-term investment opportunities, and i will be looking for a fight to incur at 252. as of now there's about 10 of downside. If you want to use this support and there's more than 60 dollars of upside, i don't know about you, but i really, like these odds, feel free to post your thoughts on alibaba. In a comment below personally, i am pretty bullish on the stock.

I think that it's been unfairly beaten down and, i think, there's a considerable amount of upside. Let me know if you agree or if you think that i'm severely overlooking something as a quick reminder. If you have any questions for me or if you just want to chat about stocks, i will be doing a live stream this weekend, so be on the lookout for that and if you want free stocks, make sure to check out those links to robinhood and weeble. In the description of this video, speaking of which, if you enjoyed this video, don't forget to drop a like, and if you haven't already don't forget to join the moon gang by hitting the subscribe button, your support is truly appreciated.

Thanks for watching and until next time best of luck in the markets, you.

19 thoughts on “This stock has incredible potential // don’t miss out on alibaba stock!”
  1. Avataaar/Circle Created with python_avatars john armnan says:

    This could be at the analysts targets on earnings day the lowest target 285 definitely will be met, but any announcement on earnings day with ANT will drive up the stock to the higher levels. In for the long haul. The June mid month the 320 strike is about 8 bucks, that would be excellent as we will be way before June at 320 IMHO

  2. Avataaar/Circle Created with python_avatars Kanji Story says:

    You know how trump was recently gagged by tech giants? How do you think ccp likes their powers hogged by tech giants like alibaba?

  3. Avataaar/Circle Created with python_avatars M&R Vid says:

    Buy baba!!

  4. Avataaar/Circle Created with python_avatars Vineel Pusarla says:

    If overall market is good it will recover faster

  5. Avataaar/Circle Created with python_avatars Google Master says:

    I agree 100% and I have been buying since 220, it will be 300 by year end , it's real business not fake . Love your analysis, thank you a lot

  6. Avataaar/Circle Created with python_avatars kadir u. says:

    where is jack???? i have call options on baba strike is 230 dollars leverage 4. i hope jack comes back within 6 months

  7. Avataaar/Circle Created with python_avatars Glide2010 says:

    Great video THX

  8. Avataaar/Circle Created with python_avatars Rolandinos25 says:

    I know you love BABA. Myself I decided to let them go recently, too many uncertainties IMO. Great content btw as always

  9. Avataaar/Circle Created with python_avatars flordeliz120 says:

    Another great video. Love the way you present the pros and cons. Made some great moves on Alibaba stock because of your channel. Thanks for your hard work in keeping us all informed. Do you have any thoughts on "Baidu" is it in the same category as BABA?

  10. Avataaar/Circle Created with python_avatars Tmilsted says:

    I’m so bullish on Baba I own 20 shares at a average cost basis of $230 looking to add more at these levels dispute it taking up approx 20+ % of my entire portfolio

  11. Avataaar/Circle Created with python_avatars Gandolf Merlin says:

    I yoloed 3k on alibaba options strikeprice 290$ till 16 feb

    I hope i have enough money left to buy a cardboardbox if this rocket doesn’t launch on jan 20…

  12. Avataaar/Circle Created with python_avatars RA 12 says:

    I would like to see what is your options position

  13. Avataaar/Circle Created with python_avatars GAVIN SMIYH says:

    Hey Matt suggestion for a video – your take on Cathie Wood's comment that a MAJOR correction is coming to the market sometime in 2021. How will this impact Tesla?

  14. Avataaar/Circle Created with python_avatars Darren Wong says:

    What is ur highest position? Baba?

  15. Avataaar/Circle Created with python_avatars Bao Do says:

    The Chinese government is not out to kill Alibaba as people think. Alibaba is dominant and the government doesn't want it stifling competition. The government is just trying to keep the landscape competitive and letting Jack Ma know who is boss. The market seems to think otherwise which gives us more knowledgeable investors an opportunity to buy at a good price. Alibaba would be a buy even at $300. It's very very cheap

  16. Avataaar/Circle Created with python_avatars Alpha Trades says:

    BABA is a sleeping giant. Great pick!

  17. Avataaar/Circle Created with python_avatars John Bridge says:

    You're on fire Matt! Keep it up!

  18. Avataaar/Circle Created with python_avatars TMF Motivation says:

    Thanks Matt!

  19. Avataaar/Circle Created with python_avatars Penny Stocks says:

    Double upload day! Thanks Matt

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