$BABA $1.2B Dark Pool Print (+ $DRAM Bonus): What Triggers Next

Dave Barnhart breaks down a $1.2B dark pool print in Alibaba and maps out swing trade setups for BABA and DRAM. He identifies key support, resistance, and price targets based on ATR and pivot levels, plus bullish and bearish thresholds to watch.
Chapters
Good morning, traders. It's Wednesday, July 8th at 4:15 AM. All right, 2 stocks for you today. We've got Alibaba, so Baba, and DRAM. So Baba on fire. Let's go ahead and have a look. Largest prints in the last 30 days. June 9th, you can see here at the top we've got 900,000, 400,000, another 900,000, and they were adding to their position it looks like on the way down. And then here, June 25th, we have this consolidation of prints at the bottom. There's 5 million, 1.5, and another 1. 2 sitting here, and we've moved up from those prints. And then today there's news, something to do with data centers and things, and it just pops right up. So we're above this 800K print now, and let's see if we can push through these other ones, especially for a swing higher. And then on the swing on the downside, if we break below these prints, then can move down. So let's map this out on the intraday here. We're going to be bullish above 110. We're testing this 900K print that I that I pointed out already. So let's get above 110, target 111, 112.02 is $1.3 million. Then we've got 114, 116.03 is $392K. 116.35 is $400K. Then we've got 117.50, 119.78 is $952K. So we'll see. And if this continues, then by all means, we'll see if there— if, if we're blowing through these levels, then the institutions clearly Are back buying, and these aren't resistance. So we'll see. The ATR on this one's about three dollars and twenty-two cents. We're already three and a half times that at the moment with the gap up on the news. We're going to be bearish below one oh seven seventy-five. Let's get below this here. This was the four a.m. candle. We want to get below that target one oh seven one oh six. Is this eight hundred k? Print right here, 10547 is a pivot. Then we've got 10312, 177 is R2, that's down here. 151 is a cam, 151, and then 100. And then we've got 9946 is R1. Okay, let's move on to DRAM. All right, so DRAM largest prints in the last 30 days, June 1st. We can see that there's prints here pulled back. There was another print down here at the bottom, 1.1 million. We upthrusted here and then 750K at the top and another million, and we pulled back to test these prints. Couldn't make it higher high. Look at that volume. We've been pushing back off the print down below, and that we've been doing the zigzag on the way down. So here's a target here, about 57, for a print as well. And you can see that This is the 50 simple here, and we're breaking below that. Let's see if this holds and moves down. Otherwise, we've got to get above this previous day's candle in order to potentially push up into these prints here. So let's look at the wow! This one's taken off on the left-hand side. We have our intraday. We're going to be bullish above 59. Let's get above the top of this candle where it is right now. Target 59.50, 59.75, 60.01. Is the pivot. 6031, 6075 is the 497K print. And the interesting thing here is that that's my 200 simple, 200 exponential. This is really tough. And there's the, the, uh, the post-market high here. And then 6115, 6143, 6182 is R1. 6226, 6305, I've stopped there. The ATR in this one is about $6.25. Okay, this one is blowing through my entry at the moment. I was bearish below 58, and so let's see if this holds. It was really 58.50 we wanted to break below that, but it's already moving. So 58, target 57.43. 57.02 is this 1 million, and then 3 pennies below that is S2. So we'll see if we kind of bounce there. 56.97 is the one I mentioned. 56, 55, 53.93 is S3. 50.89, 50, 50.89 is S4, and then 47.85 is S5. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff, and we'll see you Tomorrow with all new trade setups. Happy trading. Mobitick 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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