Hammer on daily + strong support at 87.75. Like some Long swings here on BABA on this pull-back.
221.5 is the next R level, 232 potential target on this measured move up.
Above all SMAs, operating in a channel, with Global markets weak, maybe a retest of 200 DMA on the cards today.
Watch the ADX/DMI divergence. We should be close to an end of this rally, lets see if we see an exhaustion top at some point this week.
VIPS 17-22 range coming up or bounce back up to 25.
Bounce candidate near 87.7 if it gets there, 89.3 now R.
PBYI - broke 143.5 and 14 point fade since, filled gap now looking to head lower.
BABA - broke 89.3, triggered short, 86-87.5 targets.
PCLN breaks 1160, a pull back down to 1130 possible.
200 DMA @ 56.14, breaks and we head down to retest 50. Faded after hitting long term downtrend line.
34 point run from the break out level, now looking for that 112.8 R as a potential Fib extension.
56.5 break takes it higher to 58-64 range.
Getting to the Apex of this triangle and then boom or bust.
Symmetrical triangle, watching for break out of break down.
Good channel trader, hitting the top of the channel, should see some pullback here down to the 500 level.
Breakout of downtrend and stiff R at 61. 66-75 next targets on sustained move up.
Clear break-out, watch for continuation to 73-75 zone.
Explosive moves in the past. Watching for a handle formation before a move to 40-45 range.