BABA is weak. The market could tell us to short soon.

NYSE:BABA   Alibaba Group Holdings Ltd
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The chart tells a story and the story unfolds bar by bar.

Could you explain a little more how to tell demand and supply form you chart?
I analyse the imbalance of supply and demand in the market by looking at the amount of activity, the spread and the close of each bar. This technique is called VSA (volume spread analysis). If you are interested in having a complete understanding of how the markets really work I would recommend that you read Tom Williams and Gavin Holmes.

Basically you look for high volume bars because they have professional activity and really low volume bars because they are tests and show either lack of demand or lack of supply in the market. Then you wait to see how the market reacts to them to confirm what is most likely to happen next in the market.
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