I can see a bullish pattern within this stock chart of vips. I suggest buying now.
For who followed me so far in Vipshop. So far we had a bullish trend as I had suggested time ago. Now we are still in a downtrend, but the pace is changing. This could be a sign that something changed.
We had a big sell off this monday, almost at the point I said, 12.50 (but it reached 12.63). Then the price pushed off but the resistance of 13.25 is strong and is pushing back. Selling at 13.20 is a good position,. So far the trend is still bearish and there's no signal of reverse
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...
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 I previously published it wa expected this little retracement. Now we are testing the blue trend line. IF it bounces back it's time to buy If it drops it it's time to sell
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=== COMPANY PROFILE 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...
Have to see if this breaks the big negative slope resistance. Looking for an entry level above the red resistance and between the purple lines
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...
Low Risk High Reward Trade.
I believe a move is coming for a couple points Long. The information is in the chart. Good luck.
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.