Going Long on BABA off 3 things: Long

Alibaba Group Holding LimitedNYSE

Description

⋅ Dec 2, 2014 4:07 AM

1) bounce off daily Key Earnings Level (see Tim West).
2) bounce off 71.5 fib (drawn from low of green triangle to the top).
3) spike on Vix Fix indicator (see lime green line).

BABA

Comments

timwest

⋅ Dec 3, 2014 1:52 PM

Thanks Doug! Appreciate the advertising of "Key Hidden Levels" too! Cheers to you! Tim

dougl1965

⋅ Dec 13, 2014 6:23 PM

I'm no genius but check out how its respecting the 104-105 level?

Will_Wong

⋅ Dec 3, 2014 11:33 PM

I am long BABA too but today's candle looks like a doji. The BB are compressing too and could break out shortly.

IvanLabrie

⋅ Dec 2, 2014 3:46 PM

Nice rebound ;)

dougl1965

⋅ Dec 2, 2014 4:52 PM

Thanks! I might be a bit early here? Time will tell. I saw someone else post a chart they said they couldn't see why there was support around the 104.75 area. So I popped some things on a chart and it became obvious.