brett701

brett701

ON, looks very strong and has some good support, the resistance is pushing it down, but i believe this is temporary and it will break the resistance upward in the near future. A pull back with a long entry near blue level and then reevaluation at the next attempt to break resistance. This isn't a high confidence % trade, it is just for projecting patterns and...

brett701

LONG TERM -I think we will move sideways before eventually breaking out and up. SHORT TERM- we should pull back a few % and maybe bounce around sideways before going up. The play is a short based on the resistance and trend line. If we break through both we can play a long, but that is NOT my winning type of play yet.

brett701 Updated 

I bought put options for BABA and expect 157-152 range.

brett701

Learn from OSTK

brett701

Short just before red level

brett701

Let's see how This reacts.

brett701

Let's pay attention to candle action and momentum in the upcoming business days. We may have a great short available in the next few days.

brett701

Enter long at orange. very tight stop. prob exit just before previous high which is appr 38% or so profit. If we closed 75% and let 25% remain. we could have made much more as you see the high is 130% move. The orange support from 2016 is appearing pretty strong. I would opt for a long. Smaller position sizes since BLDP is volatile. The Downard trend has been...

brett701

Did we miss the short since it kept topping out?? We did have a target on the short to close the gap. The long may not have been so obvious, with an exit at the 2nd arrow and red horizontal....

brett701

I don't love this i'm just posting for tracking. We did miss an easy guaranteed 2% trade. However, this retest so quickly looks bearish and has lots of room to move downwards. I think no trade is best, but i like long with super super tight stop. Let's just watch and see.

brett701

Just an idea.

brett701

Momentum is shifting down. We have multiple gaps to fill and very decent support. If we miss the short we can take longs at the red horizontal lines.

brett701

Very limited risk to reward on the long or the short. We may get lucky and still be able to pull this off and grab the next one.