Here is a nice 'hand drawn' chart of "Time at a Price" for BABA on the daily time frame.
There are 8 days at one price, the $90+/- level.
You can imagine $90 is either a balance point for a rally or a decline.
Tim
9/30/2014 3:34 PM EST 88.73 last BABA
Not much to go on with just a week of trading. From this view, price appears is headed to the center ML. The previous two encounters were won handily by the bears. If I were a bull, I would be cautious near this line.
I don't like to predict anything on recent IPO, so ill just draw some observations. Decided to base and add to the idea posted by fellow chartist bigrediska - doing some Fibs on the BABA shows a present relationship with 0.382 fibline. 2 bigger moves like that level a lot and i would subject an upwards trend from here - but if it goes up it is either 0.382 or...
ALIBABA TO rise today after 3 days of downswing. Long term tech prospects are good. And a good time to buy for short term investors too. Long term investors looking to invest for atleast one year can benefit 25% of the cost.
A strong company at core.
It really depends on what is your time horizon, but as noted last week 83-103 which one will come first? Open question as there is a little data analyze from here. Just make a visit to us www.2waytrading.com
Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi.
The first in, get the biggest profits because they sell to the last in, that are the bagholders.
Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts!
'Murica
Alibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum...
