following the recent price movements on the stock will take position on 2 possible scenarios. Long @ 41.10 SL 37.40 T1 54.10 T2 60 short @37.30 SL 40.50 T1 28.70 / T2 26
Weekly breakout blew past key resistance level
breaking out of ascending triangle on good volume. good risk/reward. looking for push to upper trend line for possible add #BITA
If BITA closes above 100 sma, 75 70 Bull Put Spread limit fill 50 cents for 10%ish expiring Jan 16 (monthly)
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. ...
BITA continues its climax run, as detailed in our blog post last week: www.syncubate.com This chart builds off of our previous analysis. You'll notice that the stock has not closed below the 10 week MA since early May. This average has been a support level on two pullbacks, most recently in early July. The 5 day MA has served as support on multiple pullbacks...
This chart supplements our previous analysis entitled "BITA: Climax Run in the Making" For detailed analysis and commentary, please see our original blog post published 8/15/14: www.syncubate.com This updated chart shows in clearer terms the nature of the climax run in formation. Notice how the upside spread between the low and high this past week was $18, the...
For detailed analysis, check out our blog post published 8/15/14 and add your comments: www.syncubate.com BITA has been experiencing a strong move higher along with other Chinese internet stocks recently. The stock is up 85% since the beginning of June, but can it continue its rise, or will the party soon be coming to an end?