$BABA $1.1B Dark Pool Prints — Price Just Cleared Every Level + $NOW Moving Up - Trade Setups

Dave Barnhart breaks down swing-trade setups for ServiceNow and Alibaba based on recent dark-pool prints: a $382K print for NOW with bullish targets at $113.10 to $122.01, and a $1.3M print for BABA with targets at $114.04 to $117.36. Both trades hinge on breakouts above consolidation zones with support from moving averages.
Chapters
Good morning, traders. It's Friday, July 10th at 4:26 a.m. All right, 2 stocks for you to trade today. We've got ServiceNow and Alibaba. So let's go ahead and have a look. ServiceNow, largest trades in the last month. We can see here on June 15th, we got this one here around $106, $382K. We pulled back and then starting June 23rd, look at this consolidation of prints and then breaking above the prints. This is a good swing entry if anybody was looking at that. Breaking through and closing increasing volume against these prints, and then moving up, pulling back to prints, and now we're moving up again. So we had this high; we're trying for that again. Let's see if this can move up over the next coming days and stuff for the swing. Otherwise, you'd have to get below a lot of these prints in order to go short. But anyway, let's map this out intraday on the left-hand side of my person's pivots, Camarillo Pivot Boss. We are going to be bullish above 112, so we can see this consolidation. Right here between the pivot and the cam. So 112, target 113.10, 114.27 is R2, 117.14 is a cam up here. Then we've got 120 and 122.01 is R3. Lots of room on the upside. ATR on this one's about $5. We're up $2 at the moment, so let's see if that one will run a little bit more. Bearish below 109.50. Get below this level here. Target 109, 108.13 is a cam. 107.78, 967K. 107.42, 106.86, 382K. And then we've got 106.55 is the pivot. So it's a little bit tighter on the downside. You can see I've got my 200 exponential. We've got a cam here, the 200 simple, and a double pivot in the cam. So there's not a lot of room for the retracement on the downside. Just be wary of that. It's looking overall strong in the higher time frame as well. All right, switching over to BABA. All right, BABA, largest trades in the last month, June 11th. Lots of prints appear, 1.3 million. We had some consolidation there, another, another print pushing off of the 4 exponential moving average moving down. It looks like they were selling more into this. Then we come down here to the bottom and we've got increasing volume here, lots of prints at the bottom, 1.5 million. 800K, 5,094,040, and then starting to move above those prints as well. And then we gapped up, and now we're moving up through these prints here. So if they're done with this, we can see maybe getting up to 120, 130, um, coming up. And if we break below these prints, we have a retracement back down here. So let's go ahead and map this out. We're going to be bullish above 1 We've got to see this opening candle pulled back so we'll get above $113. Target $114.02— sorry, $114.04. $114.53 is a cam. Then we've got $116, $117.36. So there's a really nice pocket up here. ATR in this one's about $4. Keep an eye on that. Bearish below $111.40. Let's get below here. Target $110.84. $110.72 is the pivot. 110.50. Right here is 254K, 110.23, 109.55, 900K, and then 109.27 is S1. So similar sort of situation here. We've got the 200 simple exponential pivot print and 3 camps or 3 pivots right here. This is really, really tight here, especially with the overall trend here, short-term trend starting to move up. Just be careful if we come back down here, tag this. Start moving up, then, uh, can potentially get in on the long side again. But watch this 1.3 million here for support as well. That's why we're bearish below this level. All right, those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below, and we'll see you Monday with all new trade setups. Happy trading. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
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