andrew.berg
Long

VIPS approached to highs

NYSE:VIPS   VIPSHOP HLDGS LTD
Vipshop is very strong as it came from $30s with igniting move to $180. Then entered into controlled pullback and found support aorund $130. During recent move stock bounced from support, regained moving averages , broke intermidiate resistance at $160 which now acts like support. Yesterday it closed in front of resistance at $180. Maybe if it will go through this resistance it may caught some follow through.
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