lucasL
03-10
$BABA-W(09988)$  $Alibaba(BABA)$  


📉 Catching the Dip: A Strategic Entry Point for Alibaba (BABA-W, 09988)


Alibaba’s Hong Kong-listed shares (BABA-W, 09988) are showing signs of a potential bounce after a sharp decline. With the stock trading at 134.40 HKD, down 4.00%, savvy traders are eyeing an attractive dip-buy opportunity around the 133.50 – 134.00 HKD support zone.

SG SDR @ 4.61

US ADR @ $138

📊 Why This Entry Makes Sense

Today’s price action reveals a clear downtrend, with Alibaba falling from 140.00 HKD to an intraday low of 133.90 HKD. Despite the selling pressure, the 133.50 – 134.00 HKD range is holding firm—a sign that buyers may be stepping in to defend this level.

From a technical perspective, this zone aligns with intraday support, making it a low-risk, high-reward entry point if the price stabilizes. Additionally, the Relative Strength Index (RSI) sits near neutral territory (47-51 range), suggesting the stock isn’t yet oversold but could be poised for a rebound.

📈 The Trade Setup

• Entry Point: 133.50 – 134.00 HKD (on price stability or slight bounce)

• Stop Loss: 132.50 HKD (to protect against further downside)

• Take Profit: 137.20 HKD (first resistance level and today’s open)

• Risk/Reward Ratio: ~3:1 (favorable balance of risk vs. potential gains)

This setup allows for a tight stop-loss, minimizing downside while providing room for upside potential if the price recovers.

Modified in.03-10
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • JuliusGoldsmith
    03-10
    JuliusGoldsmith
    This dip could be a golden opportunity
  • JimmyHua
    03-10
    JimmyHua
    great thoughts! thank you
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