There was a substantial buying activity premarket and continued through the session. Short term goal 110
Last L.O.W. level was at 103.79. The 101 level is where the .5Fib is reached and possibly a retracement back to 106 then it's up to buyers to jump in and take it up, or leave it and let the price fall back to the .5 Fib level again once the short covering is over.
Price found first indication of support at ~106 and now bound by 110.12 (Fib 1.618) It will be very bullish if price broke out of 110.12 (bull flag) inside an uptrend channel, but take note that a fake out to retest 106 level is not rule out. To me bull flag in uptrend channel is a indication of uptrend continuation just like bear flag in downtrend channel an...
It looks 105.7 call for a good entry was not bad at all but recent recovery seems having hard time to keep. Watch 109.85 level for clues. Now price stays above it but close below that level will signal downside pressure remains intact. If u want a real time alerts try www.2waytrading.com
pullback on low volume. Tomorrow LOD should not go below today's LOD for reversal here. Idea on chart
Resting on 20 EMA after ab=cd consolidation, just below parabolic SAR trigger. Looking for breakout move over $120 in following weeks.
Why did BABA hold the level it did in the recent pullback? It is the level where earnings were released on the way up - so there were natural buyers who wished to accumulate stock at that level who were waiting to an opportunity to buy at their price. They didn't want to chase after shares after the earnings report, rather, they lay in wait for a chance to buy...
Downtrend channel on the daily, Currently at the Mid Channel Zone. Trading Range 112-105. Above 112 it'll recover, below 105 downtrend continues. Target @105, Target 2 @ 101. Support on the 0.618Fib (105.88) above the 34 EMA. This level is key for a downtrend continuation. I expect a rebound on the 101 level since this is the 0.5Fib retracement level. I don't see...
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).
No idea where he bottom is but 20sma is very close and 38.2% retrace at 105.79
NOV18: If support @111 is broken, next target is 105, where the downtrend channel Support line is and there are chances for a short cover bounce. If the downtrend continues keep an eye on 101, where the 50% retracement is located.