I am a buyer if it closes above the 5 EMA. Will do a 2ATR stop. Earnings winner. Ascending wedge. HHs, HLs. Piercing $8.71 will give me extra confidence and what I would like to see happen.
will place 0.2% of capital at risk as always...
Vipshop market cap. 3B vs Alibaba market cap. 343B
Has potential to grow in comparison with Alibaba
Long term idea without predefined stop loss and target profit.
Disclaimer: not investment advice, not qualified licensed investment advisor, author may have positions in mentioned assets.
VIPS - Vipshop Holdings Limited has very good potential for long term profit if bounce back and close a daily candle above $7.10.
Obviously, the stop loss would be set under knee the lowest point and TP will be over $30.00 in long term.
Setting a buy stop at $7.10 would be a smart move.
Market Report by Abdolreza Sadreddini
This is a short term play that, if all goes well, could turn into a long-term play.
NYSE:VIPS is currently at the bottom of a micro uptrend channel (orange lines), looking to test the two major trend bear trend lines on the 4hr and Daily.
I'm using a low risk entry on the bottom of the channel with a stop under the low of today which would be a confirmation of...
Closed around long term support, should bounce soon (if it breaks then it'll test the bottom of the channel in the upcoming months)
Been sideways for past year and will most likely continue
Decision point this month on support if it holds then decision point in 2018