fbpx

Alibaba Group BABA stock 2020 forecast

Alibaba Group Holding Limited BABA’s strong imbalance mentioned in a previous stock analysis for the stock is playing out nicely as expected. Check the previous Alibaba stock analysis prediction based on supply and demand imbalance to see what happened.

Alibaba stock all-time high scenario

Chinese e-commerce Alibaba may not qualify as an archetypal blue-chip stock, but at half a trillion dollars and growing, it’s earned significant global respect and long-term staying power. Alibaba is one of the largest companies in the world’s hottest major market – even after the 2020’s pandemic – Alibaba arguably enjoys better long-term growth prospects than Amazon.com and yet trades at a much smaller price.

There are new strong weekly imbalances created on Alibaba stock as the price is breaking all-time highs over and over. The stock is very bullish, but there has been no pullback to the last Alibaba stock imbalances.

Alibaba BABA price chart

There was a very strong weekly demand imbalance of around $253. There is a clear bullish bias on this stock but by the time price pulls back to these imbalances, they might have been invalidated. A top-down stock analysis is needed to make the right trading decision.

Alibaba Group Holding 2020 forecast

Alibaba BABA stock trend

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

If you want to learn how to trade stocks like Alibaba using our supply and demand trading strategy, you can join our stock trading course and strategy.

There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy Alibaba BABA CFD (contracts for difference) if you are in a country where it’s allowed.

Alibaba stock analysis and prediction

Watch Alibaba stock video technical analysis below. Join our supply and demand stock trading course to learn how to trade using our supply and demand trading strategy.

Related Post

Disclaimer

Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Get Free Trade Ideas

Don’t miss out on the next big trade. Subscribe to our Newsletter.