Turns out, Yesterday's original idea of selling at 24600 could have been a masterstroke. On Daily, we have an inside day fakeout which favors more downside over the next couple of sessions. Levels to watch for support 24120 23750-800 Gap at 23455 For resistance, 24250, 24360 24460. I don't have any clear bias atm. Sidelined for now. Thank you.
Internet bank may be a disruptive innovation.
*Analysis are overrated. Timing entries/exits is the real essence of Trading.*
Details at the chart. *Analysis are overrated. Timing entries/exits is the real essence of Trading.*
The cloud services will grow with this short-term skepticism. Hence, at the current PSR and GPM...It may a good BUY for this decade.
Long if this falls to 35.85. Short if this climbs to 41.25.
Laziness is for the weak !!!🤣 Although I don't have some great ideas to code indicators or strategies today (actually I got plenty under my belt) , I must share with you this simple chart I have come across with. 😘 Alibaba - a household stock almost every trader has traded on , debuted in Hong Kong last year, which stimulated its share price significantly. And I...
First of all, the casino was not open yet. The income is not more than cost. The red ray is a big resistence position
Pay attention about 0.5-0.618, this stock is running between 0.5-0.618 in fib retracement. And pay attention at price 7.60.
12.1 is the key area of Xiaomi's price. This morning it retested this level and managed to rebound from 12.1. So, I think it's possible to see a big jump from the current area to 13.5ish. However, if the earning is trash, I won't be surprised to see this tank to 11.5 and might fall even further to around 10.
Key level at 208. If Baba manages to defend at that level, a long position is pretty safe. A reasonable TP is 217.6. If 208 fails, consider shorting and a TP will be at 198.
No position yet. Waiting for 111.5 for entry, and TP of 120 for long. If 111.5 becomes a resistance, then consider shorting. A reason TP for shorting is 106.