BABA winter Olympics & earnings soon

The Beijing 2022 Olympic Winter Games officially open this Friday, 2/4. Although competition will start tomorrow, 2/2 prior to the Opening Ceremony with preliminary games in Curling and Ice Hockey. I cannot find any exact date for earnings, but it's somewhere between tomorrow, 2/11 or 2/18 from what I saw. Alibaba Group Holding ADR (BABA) reported Q2 September 2021 earnings of $1.70 per share on revenue of $31.1 billion. The consensus earnings estimate was $1.87 per share on revenue of $32 billion. Revenue grew 36.4% on a year-over-year basis. The company said it now expects fiscal 2022 revenue of $131.38 billion to $134.66 billion. The company's previous guidance was revenue of more than $144.1 billion and the current consensus revenue estimate is $141.29 billion for the year ending March 31, 2022. I'm cautiously long because of a speculative concept that BABA will get an Olympics bounce, it has outstanding fundamentals, the technical entry here is looking good after a triple bottom 12/3/21, 12/29/21, 1/27/22 yet the PRC can be a geopolitical risk and hence a risk for the ADR shares.

Q3 Consensus:
EPS = $1.92
Revenue = $39.13B

Fundamentals:
P/E = 17.98
EPS = $1.70
Revenue = $31.1B
Cash = $48.16B
D/A = .10
Div /Yld = ---

52 week high = $274.29
52 week low = $108.70

SMA200 = $174.08
SMA150 = $158.88
SMA100 = $142.69
SMA50 = $124.27

breakout = $152.27
R3 = $145.93
R2 = $139.58
R1 = $133.24
pivot = $126.89
S1 = $120.55
S2 = $114.21
S3 = $107.86
breakdown = $101.52

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/

코멘트:

Aha, HK market is closed until Friday for their Lunar New Year.

코멘트:

Looks like the same pattern as yesterday so far. Sell puts at 9:40am, buy calls at 9:45am, lol. I'll be watching to see for sure.