Nice gap - still waiting for a trigger. Ultimate target really is about $100.00
Alibaba stock looks very bullish after making very strong moves back upwards. Waiting for a bottom to form before going long.
5/21/15 Leda and others in a 92.50 / 94.50 bear call spread. Unraveled on 5/21/15. Nice retest gap today. Appears to be closing over the strong resistance of 92. Likely will pull back a TAD on the 15 min and hourly but edge does appear bullish for the next few weeks. Sell to open the 100 May week 5 Call creating a bull call spread. Stop for this bull call...
The chart tells a story and the story unfolds bar by bar. See previous analysis of this instrument on the link below.
Channel since earnings gap still intact despite yesterday's lawsuit news. Resistance still at 87.70, with negative pressure for today
BABA made a new low. I had this zone as the buy zone a month back, I still think it is going to do something like that blue arrow. RSI being oversold on 3 timeframes is supportive of this, but price has to find a foothold quickly, especially with it breaking that long term RSI support level. If this support breaks, this can go down to 68, imo. RSI MTF Pane is...
The chart tells a story and the story unfolds bar by bar.
Inverse head and shoulders pattern on 30 minute chart with high volume. consolidation between 85.00-86.20. A move with consistent volume can take BABA to 90 quickly. Point of Caution: 1) 8% move happened in one day. Time is needed for consolidation. Profit taking should occur with support from buyers. 2) P/E above 40 on a business that has a market cap of...
- BABA jumping from 'all-time' low levels, after big drop (my previous short idea was right, though the timing was bad) - The key level provides excellent opportunity for risk management (stop-loss below 82.5, only 5% potential loss). - Positive divergence in RSI and MACD confirms short term turnaround. - Break-out from short-term trend might push the stock to...
#BABA #ALIBABA Possible Long Idea Harminics 3 Drive Pattern Re-Test of previous structure RSI Bullish divergence and oversold Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
This would have been a good short on Friday after it broke the trendline and tested the most recent low. Yesterday, the market took a beating, and BABA went down even harder (-$2.60 / -2.51%). It did test long term resistance in the upper 99's, and it bounced a little. We may get a little more bounce off of this support and the .50 Fibonacci, but the overall...
Since hitting its peak on 11/10 BABA has pulled back into the 50dma and bounced off of it cleanly. It did this in a successive 3 waves down pattern highlighted in the chart. In doing so, it encountered resistance all along the blue descending trend line (also shown in the chart). On 12/17 BABA broke above the blue descending trendline, the 10dma, and the 21dma....
- Descending triangle, with back-testing the broken support/resistance - Clear downtrend in MACD and RSI, the latter cannot rise above 50, the former ready to give another sell signal - Target defined by the height of the triangle - Stop defined by trendline and MA around 110 - 100 might stop the downward movement, when BABA reaches 100 stop should be pulled to...
12-2 Let's keep it simple. What's so special about the 100-101 zone? Not only is it the first breakout into a new high out of what some would call a base. It's also a 50% Fibonacci retracement on the way down. It also just happens to be at? An old support. We all know the old rule of thumb right? Old resistance once broken tends to become? New support. ...
1) bounce off daily Key Earnings Level (see Tim West). 2) bounce off 71.5 fib (drawn from low of green triangle to the top). 3) spike on Vix Fix indicator (see lime green line).
See detailed commentary & analysis on breakout price action in our latest blog post published on 10/25/14: www.syncubate.com BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts. In our previous blog post published on 10/19/14, we noted, "For BABA...