I'd recommend watching that top red trend line very closely if you're planning to hold AMZN. If the share price rejects it, the price will drop fast. We saw a correction similar to this earlier in the year. The blue arrow notes the point at which I believe we are in this correction. I'd shoot for the 50% fibo or even the blue monthly support trend line if I...
"Low Cost of Business" tight range fractal setup occurred on 10/25, with the lower fractal being broken and the subsequent lower fractal being broken on 11/9. Entered >.75 Delta Put Contracts with 2 months until expiration.
I'm already a China bear, and to see BABA get overextended like this screams opportunity. The 50 day kiss goodbye plus negative momentum gives the look of a nice set up. I think there's a high probability we go back and fill the August gap up.
With VIX popping to >15 on Friday, my usual pattern is to rotate out of individual underlyings and into broad market instruments like SPY/SPX, IWM/RUT, etc. VIX ended the day at 16.2, and it could naturally settle back below 15, so I need to be prepp'd for either selling premium in broad index instruments if VIX sticks in there above 15 or playing a few higher...
1) CCI bear div 2) stoch bear div 3) EFI new max lower that prev TP1 86 TP2 68 TP3 ? 47
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 ...
After a long time of consolidation, BABA finally wakes up and resumes the up trend, at least, currently. The current 3rd wave is targeting to $107 area but we need to wait for further signal to confirm whether this is a Big FLAT or truly back to the up trend.
Yahoo! Inc.(NASDAQ:YHOO) sold its core business. This means its main and only asset is its Alibaba Group Holding Ltd (NYSE:BABA). Because they trade together, the stock chart of Yahoo! can be used to determine the stock direction of Alibaba. I am using this method right now to look at short on Alibaba. Yahoo! has a dramatic topping tail on the daily stock chart. A...
Expect a zigzag to $93 - $94 area to long.
Alibaba has broken the last monthly-weekly downtrend trendline and it seems at the beginning of a good uptrend. Every pullback looks like a buy setup if the rising trendline holds. Expected target on chart.
BABA into a bullish ascending triangle pattern, however, noticing divergences on both RSI and MACD to downside. POC in 79s, could see this breakdown, but open to break to upside. Neutral on this name ATM