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...
Wave 3 is shown at 1.618 Wave 1 but should be easily 2.618 or more.
Support level around 10.5, buy now use it as stoploss..
VIP.com is ranked No.1 in China's online discount market with 38.1% market share. Source - www.iresearchchina.com
probability distribution shifts with time and context
Manage your risk. Target and stop loss as shown. GL.
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
However there is resistance from 13.50. If bulls kick in, 14 or R1 Pivot are possible resistance tests. One possible trade scenario. Obey your rules
Trade triggered yesterday but order wasn't open. Small retest gap up today with the limit buy order open at 13.41 Setup based on the gap off earnings. Lots of upside potential.
VIPS is showing a shooting star pattern on decreasing volume, as well as RSI and MACD overbought signals. Enter short, setting stop loss halfway up the wick (13.75). Set price target at either the smaller 12.60 resistance level or the major 12.00 resistance level, if you're more aggressive.