Chinese company. Idea come from another trader: forker (link below). Good example of a positive reversal followed by a bullish divergence on the daily RSI before the recent rise in price. We now have a bearish diverg on the 2 hour with gap below at the .618 level. Would not be surprised to see a return to close the gap. If so I will enter long with a longer term...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Historically when the Coppock Curve reaches this level, the stock moves at least 1% higher over the next few weeks with an average move of 15%. This chart depicts multiple levels of interest over the next few months. In the current MACRO trend channel, it took BABA about 64 trading days to go from the top of the channel to the bottom (Nov 15-Feb 16) in a move...
Historically when the Vortex Indicator reaches this level, the stock moves at least 1% higher over the next few weeks. This chart depicts multiple levels of interest over the next few months. In the current MACRO trend channel, it took BABA about 64 trading days to go from the top of the channel to the bottom (Nov 15-Feb 16) in a move that lost 31.44%. This same...
Historically when the RSI reaches its current level with BABA, the stock rises a minimum of 3.27% and has an average movement of 9.91%. I have outlined a trendline that has served as support and resistance multiple times in the previous year. Although the top of the trendchannel is well above this point, I project a conservative move to 101.60 over the next few...
Look for further downside after a string of bad news
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...
While last trade is still active and I probably have missed a good chance to get out. Given now, I moved my stop to slightly below today's low so far @88.75. If it break down here, more likely further downside ahead. Otherwise, look for $96 area to close.
This up sloping TL is too obvious...they'l break it (...uuuhhh finding myself guessing ;-) ) Setting up a covered RiskReversal - very low risk. P!
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
Gap fill into support. Break support and we should get back into 70s. Looking to buy sub $72
Potential for a wave 5 of an impulse from the year's low in feb.
BABA is currently in a downtrend, and it has a good while before price to sales reaches a more sane level, at least until it hits 77.65 or so. There's a 'Time at mode' downtrend signal that got triggered last Thursday, and we shorted on the pullback on Friday. I bought out of the money puts and bought a put spread to reduce costs on my bearish stance. Risk is 1%...