timwest
Short

Alibaba Group - BABA - Daily - Time at Mode 90 Resistance

NYSE:BABA   Alibaba Group Holdings Ltd
310 4 6
Note the top of today's rally touched the key level of 8-days at one price (mode).

Nice, low risk trade entry to enter close to the mode, with a stop just on the other side of the mode.

Tim

10/3/2014 Friday 3:40PM EST
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Hi Tim, I think we are forming a double bottom here. Good support at the bottom trendlines (see my post) with adequate volume. With the Nasdaq just closing up, I think the rsk to reward are in favor a long position.
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Hi Tim. Thanks for posting this idea. I am not sure I understand it though. From your analysis, do you think $BABA will go up from here? Thanks :)
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Didn't get it either.
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2use ErikaRivas
It is a short - see the chart name has a SHORT indicator there. Study Tims charts on time at mode, it is not the easiest, but sure an interesting concept. I agree that it looks like a short according to his system.
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