Based on the chart, SPY has touched a point that a signal to go up or down. But i prefer this point is an bull turning point in future move. A key point that investors should take care is the decision on Dec 18; there will no rate move on that day is what i believe. However, Huawei CFO arrested in Canada could have some impact on US-China talk. i think the term of...
even BABA has a big fall today, but it may have a other high in future. In fat, the buyer may look at 169 to create long position.
But the key point is trader must wait the effect of crisis finish, that is why i would set the entrance at 169.
For long position, there is another entrance for long is 185
The main position will be 195, which the price will target again to create a signal. Based on RSI and MA 200,MA 50. it is neutral now. I suggest to wait until the signal appear around 195. If you wanna trade right now, i can not guarantee the price would touch 195.
The reason that the stock go long: shanghai composite is on above MA 50, and it gonna touched...
Yesterday, the stock touch 194.73, I protect the profit. Today, i do two short trade from 192.19-194(momentum) and 194.50-195(momentum+gamble). No bad, get profit twice. People who trade BABA, it is good for you, You can take the profit now, and wait next entrance .
Oil price is at the top which is around 80, what is next, see the red arrow, that will be a mark to determine the future trend. if it go down at that point, then the price will be bearish. If you wish the oil continue, you need to see the price break and up above 80.
No matter how street worry about GE, 12.82 is the bottom line for this stock.
This is a plan for trading GE stock. Long position enter is at 13.62. The current may touch 14.04, but it may back soon, because the price is going to touch MA 200( red line) to teat if it is resistant. If it really break and up 14.01, you also can see the RSI shows over buy. Therefore...
2760 is still the important point for SPX. Last Friday, SPX touched 2760, but drop to 2759.82 as close price. Therefore, SPX has that opportunity to be neutral, the rage 2710-2760. If it breaks up 2760, i will see the price to 2832, then short the market
It seems like BABA has 10 dollar per share as profit if buying this stock to 195. The reason is recovery from previous SALE, or correction. But you probably need to focus on 189, because of testing MA 200. Otherwise, it has more opportunity to go up.
If the price turns down, just set short position, target on 177.
TSLA is good to buy around this level, set target at around 370,it turn back around 327, then you need protect your profit. After break 327 and up, it means 100% go up, hopefully, it can touch 370, so 327 is the position you can buy more stock.
What if price continue goes down, you should need terminate your position immediately, and wait for another position...