pullback on low volume. Tomorrow LOD should not go below today's LOD for reversal here. Idea on chart
Resting on 20 EMA after ab=cd consolidation, just below parabolic SAR trigger. Looking for breakout move over $120 in following weeks.
Why did BABA hold the level it did in the recent pullback? It is the level where earnings were released on the way up - so there were natural buyers who wished to accumulate stock at that level who were waiting to an opportunity to buy at their price. They didn't want to chase after shares after the earnings report, rather, they lay in wait for a chance to buy...
Downtrend channel on the daily, Currently at the Mid Channel Zone. Trading Range 112-105. Above 112 it'll recover, below 105 downtrend continues. Target @105, Target 2 @ 101. Support on the 0.618Fib (105.88) above the 34 EMA. This level is key for a downtrend continuation. I expect a rebound on the 101 level since this is the 0.5Fib retracement level. I don't see...
12-2 Let's keep it simple. What's so special about the 100-101 zone? Not only is it the first breakout into a new high out of what some would call a base. It's also a 50% Fibonacci retracement on the way down. It also just happens to be at? An old support. We all know the old rule of thumb right? Old resistance once broken tends to become? New support. ...
1) bounce off daily Key Earnings Level (see Tim West). 2) bounce off 71.5 fib (drawn from low of green triangle to the top). 3) spike on Vix Fix indicator (see lime green line).
No idea where he bottom is but 20sma is very close and 38.2% retrace at 105.79
NOV18: If support @111 is broken, next target is 105, where the downtrend channel Support line is and there are chances for a short cover bounce. If the downtrend continues keep an eye on 101, where the 50% retracement is located.
BABA may experience a little pullback. If it does, wait for the fast stochastic to hit 40 to be oversold in the uptrend. Do make sure the trend is still upward by looking at the DMI or the ADX.
Negative momentum divergences. This flashes a Warning signal. It needs to hold above 114 and 112 to continue, otherwise it risks to start a downtrend. Unless this trades above 120 I will change my mind.
Don't chase above this level, just wait a pull back as many of you email where next. Market overbought levels and could push little bit higher from here and don't get surprised if S&P 500 hits 2100 before end year if that is the case $BABA will be 135.60 too. If you want a real time alerts on this security try us www.2waytrading.com
There is a good chance that price will move much lower from here and probably will find support at 111.89. We had a nice trades and were very precise about this stock. If you want a real time alert try us www.2waytrading.com
After first day of trading, we came up with what we thought will be a good buying entry and exiting with a decent profit at different levels. This stock wasn't easy to predict where will be an area of rest both selling and buying and proved right. Now, we think the price is very close to its last leg for the short term and probably next buying opportunity will be...
The short term downturn did not occur and we may never see it back below a 100. Going long and adding on pull backs. This is the only large growth stock that many will park their money into for years to come.
probably not the smartest move but currently at Mean+2 stdev uptrend since initiation of the IPO and with an upside Mean+3 stdev of 106.74. there seems to be a more of a potential to the downside than immediate upside. as stated before will enter long at about $92 support if the earning is inline with estimates. If the earning and projections are below estimates...