VIPS has been contained in a wide trading range (11-16)since Feb 2016. It reached the bottom end of the range in Dec 2016 and began consolidating. We saw a down move on the daily chart in late Jan 2017 but it quickly recovered alongside a macd divergence. Hence I suspect the sellers lack the conviction to sell through the $11 support, which offers good risk reward...
Watching VIPs here to see if we hold the 10.00 area of support. We have put in lower highs on this base recently which could be a cause for concern. This area has been holding since early 2016. Would love to get a try around 10.50 with stops below 10.00.
VIPS, bullish Gartley. candle price action not so perfect though
VIPS bottomed after double bottom in 10$ making it strong support resistence at 15 was broken up and earning was good stop reached resistence at 17 and now is in correction if it retest 15 it will be a good entry point for long position with stop at 13.5 if stock will break above 17.5 could go much higher
$VIPS in a rising wedge on 60. Negative divergences on RSI and MACD. Watch for a move down.
from W Chat, VIPS will form a bullish BAT if it falls to $3.8~$4 area. Great upside potential, target 1 at $14 and target 2 at $20.
I was alerted to some unusual activity in VIPS APR 13 Calls on Friday afternoon and bought sight-unseen due to the Chinese exposure, volume and time-to-expiry. Since then, the stock is up 9% and the calls have returned 106%. Chinese officials are doubling, well tripling down on debt - from easing loan-loss provisions for banks to increasing margin lending debt. I...
Broke immediate downtrend, double bottom in place, MACD just crossed 0, RSI is rising and in bullish zone, 10sma above 30sma, good volume on today's breakout. Nice place to go long with stop loss below 12.
Could be nice play along trend line.. let's clear and hold $20 first. 50-day and 100-day moving averages above could be some resistance.