NYSE:VIPS   VIPSHOP HLDGS LTD SPON ADS EA REPR 0.2 ORD SHS CL A
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8-22 Classic case of the Bunny Hop dance all within a clearly defined uptrend channel .
Two steps forward, one step back, two steps forward one step back and so on. That's the bunny hop dance.
So applied to the stock market? Two steps forward to trend channel resistance, one step back to trend channel support and that is the trend and its currently your friend.

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