It could be a good time to sell. We are in a downtrend. I wouldn't say a bearish. Though I expect the trend to continue for a while. Many previous lows in the uptrend have been broken.
I expect a good position with take profit at 12.50 , stop loss at 14.20.
Note: this is only my opinion. Don't take it for sure , I could be wrong.
As suggested in the last post it was a good idea to put a sell position.
On friday the volume was pretty low. Still the price went down. This meant that there were few sellers and even less buyers.
Still the low volume means that many holders are not concerned about the price dropping.
I closed my sell position on friday due to the quite low volume. There...
Now we have two situations going on:
1) it is going to be a reversal, and it will be time to sell
2) It isn't in reversal:
2.1) if it breaks the 15 heavily it is still in bullish
2.2) else it is in a stationary moment.
Chinese retailer VIPS has been on a massive run lately, and is now pulling back from overbought on the weekly. The stock has formed two upward trend lines, one steeper than the other. We may break the steepest trend line and bounce from the secondary one. VIPS started 2019 at a low valuation, and over the course of the year has seen a roughly 100% increase in its...
====Price Target $11 - Entry level $9===
VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous. It...
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...