WB, inside day @ 0.618 retracementThere has been crazy sector rotation these couple of days. Most of the tech stocks and Chinese ADRs encountered a sold-off. It's the time to choose direction and it did give an inside day for us to take our judgment. If it's able to break to the upside, that means the 0.618 is playing as a support and it's time to long; If it's able to break to the downside, that means the sold-off may continues and not a bad idea to follow the trend! So let's see how it goes, and I'm more inclined to trade the breakout than the breakdown.by Trader_Joe_Lee1
Mange profits todayOur calls will be ITM for Thanksgiving. #PAID Posted this move last weekLongby JackyCharts6
WB, extension of the FANG move/playLooking at the Fib extension of 23.6 around the 112 area for a good 3 pt risk, 10-11pt reward trade. The nasdaq still looks bullish as FAANG, with the exception of Netflix, all high volume spike gapped up from earnings reports and have not retraced much of their moves at all. These in the past cause investors to take profits and sell too early. The market is overextended as a whole, but we look at it one day and one trade at a time. It will continue it's trend until it proves otherwise. Trade accordingly. Longby kinetictrading1
WB, Inside day after new high and fig breakout combination.WB is definitely one of the most explosive stock this 2 years, rallied from 9.00 to more than 100.00 , and there are still people like me willing to chase it lol. For stocks like WB, fundamental analysis is not really very helpful as the stock price contains too many expectation and the P/E ratio is just crazy. While it doesn't mean chasing the price above 100.00 is foolish at all, as people may have the same discussion when it reached 50.00,60.00,70.00,80.00 .......... , and all the people who were brave enough to long then were still able to make lots of money. So everything is about trend and trading set-up, I always like to long the inside day after new high as no one knows how far can stocks go. WB has an inside day after new high with a high @ 107.00, it created a little more power when the inside day high is right at the figure. I'm willing to take the trade as it provides great risk-reward ratio with little risk. *For educational use onlyLongby Trader_Joe_Lee112
WB coming out of channel/flagWB just came out of channel or flag pattern so look for tomorrow for confirmation to the upside.Longby wave3trading5
WB Earnings ReportCharted bear and bull for earnings report, both support this move. If showing superbull, hold for 56.00Longby speracadoUpdated 7
Micro-Blogging Revolution *CHINA*Hello Traders, I am taking my first bite at my newest position. I have been stalking $WB for quite some time, wanting exposure to the Chinese "micro-blogging revolution". If you want the fundamentals by the numbers you'll just have to look it up on your own. But the foundation of my fundamental screening in equities is based off of earnings growth... aggressive earnings growth. Both on a QoQ basis, and a YoY basis. And this company has positive YoY and QoQ metrics when it comes to the cash metrics. Risks: One of my friends mentioned that Weibo along with MOMO (which fits my fundamental criteria for investment also) are being mentioned on CNBC and other mainstream media. I view this as a risk because the non-professional retail crowd starts piling in on a position. The retail crowd I'm referring to are the quote on quote "long term investors" which buy positions based off of what CNBC, FoxBusiness, etc recommends and then get shaken out of their over-levered positions a few days, weeks later... I prefer not to be entering positions at the same time the non-professional crowd piles into the same position. The Trade: Depending on the price action the following days will determine if I make this a short term swing trade (2 weeks - 1 month) or what I prefer as a position trade (I use fundamental stops and a trailing 200 MA stop after higher highs / higher lows are printed on the chart). Main resistance is highlighted on the chart at the YTD highs. Also keep in mind the gap fill (55.70) as a profit taking area for shorter term swing traders. Entry: The entry was based on a descending channel bullish break. Stop: Stop has been placed slightly below the lows of the descending channel's rounded bottom. Trade smart, and with a plan. Cheers guys! =) Longby Daniel.BUpdated 6