NYSE:BABA 4h Chart: Safe Trades;
Historically BABA drops on average 7.57% when the VI reaches its current level. I have laid out 3 potential levels it could drop to. The first hurdle (which should easily be met) is 87.88 (pink dotted line). BABA has not been South of this mark since August. My three levels will certainly be in play once the stock drops past this level. CONSERVATIVE PLAY: The...
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Trading Capabilities 98.03 < 99.61 : long entry option 92.78 > 90.09 : short entry possible Bulls could go long into 109.66 at least, to beat a wave and create new b high (may be 2017 with new all time highs) Bears could go short into 87.70 at least, to beat B wave and create new Basic Scenario Take care & analyzed it again - it`s always your choice...
Alibaba breaked out of trading zone while this september`16 - breakedUP of the 1st trading day (H/L) Session @ after the IPO ... 107.71 (2016-09-23): Friday (last trading) Closed 99.61 (2015-09-19): high of 1st trading day @ after IPO 90.09 (2015-09-19): low of 1st trading day @ after IPO After the first hype @ after the IPO @ the traders created a gap ...