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scimonoce

VIPS...potential break out of downtrend; double bottom forming..

Long
Vipshop Holdings Limited (NYSE:VIPS)  
scimonoce  
NYSE:VIPS   Vipshop Holdings Limited
Trend Analysis
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trendanalysis
The chart pretty much speaks for itself. A double bottom looks to be forming at $10. The next level of support below $10 is around $6, so I would set my stop around $8, and adjust share size based on how much you want to risk.
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