The Closing Print live trading and financial blog during market hours.

Alibaba is Ready to Breakout, as the Stock Balances Above the 200d

Alibaba’s (BABA) appears ready to breakout, as the company recently reported annual active customers of 636 million, up 23% in the past year. The company added 35 million customers in the previous quarter alone. Alibaba is China’s retail marketplace leader.

Alipay hit a milestone in mid-January when the “digital wallet app” exceeded 1 billion active users. AliPay started in China spreading around the globe, boasting members from more than 110 countries and regions worldwide.  – Source IBD

Alibaba (BABA) Daily

The stock has been consolidating along its 200d for the past 13 trading days, showing signs of an imminent breakout. We’ll use a trigger on price action and a break above 173.19 as our confirmation. MACD will turn as a function of price; that said, the indicator is above the zero-line, as price nearly tagged its rising 20d moving average last week.



Alibaba (BABA) 60 Minute

Here again, we see price action consolidating after breaking above trend line resistance. We will use a break above 171.15 as a reason to add to our current position. MACD is above its signal line on this timeframe.



If the indices, IWM, QQQ, and SPY cooperate today, with the latter regaining 277.80 (+/-), we should see a tailwind that will propel stocks higher. Target remains 280.00 (+/-) for the week.

Citigroup analysts recently issued its annual research report that analyzed the regulatory filings from the largest institutions and hedge funds. Stocks that funds were buying over the past 8 weeks included, Alibaba (BABA), Facebook (FB), Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN).

Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we trade BABA, AAPL, FB, MSFT, GOOGL, AMZN, and other new positions. Watch, listen and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,


Want to become a member? Check details here:


Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advise” to enter any particular position or asset.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned. 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.