The China tech sector has been over sold for many months and could be reversing here. VIPS is an online discount retailer for brands.
VIPS resistance at $13, ER is on Nov 18 pre market.
Options - There are over 13000 $13 calls in OI Nov 19th. Put call ratio is .58
Look for an ER beat. GL!
For my opinion growth is possible in the next 2-4 weeks. Until the new year at least. Gift Time is approaching.
Do your own analysis. Don't trust anyone.
The chart pretty much speaks for itself. A double bottom looks to be forming at $10. The next level of support below $10 is around $6, so I would set my stop around $8, and adjust share size based on how much you want to risk.
emerging market (china), value, growth, and heavy accumulation...
This channel looks like the start of a longer term bottom, but this could take many months to play out and until these lower lows stop, it's a falling knife. Expect value investors to start getting very interested in this as it falls.
1 minute AVG accumulation data..!
Hey Guys, as you are probably aware, due to the Everglade scandal and everything with the Chinese market, lots of the stock dropped a lot, as VIPS.
On the chart, you can freely see that we already reached the strong bottom line, where we have already retested 3 times, in the last 3 days. Regarding the Indicator, RSI you can clearly see that we have enourmous...
In Q2 2021, the company generated CNY 29.6 billion in revenue, with a year-on-year increase of 22.8%.
According to Vipshop's Q2 2021 financial announcement:
- Revenue rose by 22.8%, reaching CNY 29.6 billion.
- Net profit hit CNY 1.1 billion, representing a year-on-year decline of 26.7%.
- As of June 30, 2021, Vipshop had cash, cash equivalents and restricted...
NYSE:VIPS is quite undervalued IMO and is showing bullish price action. Anticipated price action and targets are shown on the chart, stop loss daily close below 17$.
Hit the like button please if you find this useful :)
This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!
$VIPS bounced hard from the entry price & looks like it wants to continue higher. Currently long 8/20 24c and averaging down on pullbacks
The rest of china looks strong too: $BABA $JD $PDD $BIDU
See my previous $VIPS idea here
VIPS
First I want to give mad props to MADO for his/her Divergence MACD Indicator. I found this last night and this is what I have found while using it. Although it doesn't preplot every divergence I would like to see and there are a lot of other things I wish it did...maybe some programmer or Mado themselves would like to help put what I see all together into one...
$VIPS may have formed a double bottom at $17
Watch for a breakout of the trendline and key pivot at $19 for upside confirmation
Initial targets: $20.50 | $21.50
Hello Traders,
Hello Traders, As you can see on the chart VIPS is in a very important level.
I expect it to start raising from this level. Otherwise, we will cut it in the red line.
Happy Trade.
![VIPS: $VIPS | Double Bottom [Update 1]](https://s3.tradingview.com/k/K9K9gbRC_mid.png "$VIPS | Double Bottom [Update 1]")
