mazdaki

mazdaki

should continue with the uptrend to upper level targets. It should have plenty of support at these levels and a gift at this point.

mazdaki

and forming a full cup

mazdaki

So, this may run up good to 125 ish. As previously noted, I think we may form a cup first. Target 1, somewhere between 102 and 107. and Target 2 125 and look for the pattern to be developed on the up move for next move (consideration).

mazdaki

Looking fir a cup formation. I think we will hit all three green hidden targets in the coming days and week.

mazdaki

will move money over to BABA and wait for the pull back.

mazdaki

I think we will be out of the cloud and should be in the 90s with the right catalyst.

mazdaki

I sold half my position today although my goal was to wait until 262. The plan is to watch the blue trend line and act accordingly. A drop below the lower blue trend will confirm the guess and i will wait to reintroduce fund somewhere in the lower 230s. A new high above upper blue trend will add on with the previous goal.

mazdaki

We should be out of the cloud and the moves up will become sharper.

mazdaki

will consider a short position if it reaches 44-45 and buy around 25.

mazdaki

Safest bet will be to wait and see. For those willing to take a 50/50 coin flip here you go!

mazdaki

three white soldiers is interesting and signals long term downtrend reversal At the same time the stock has rallied significantly from the 9 to 13 and just head the cloud. Although the Alibaba stake is significant I will not buy into the uptick and would even consider a short as IT just hit the cloud. This has to come back close to bottoming out bottom first.

mazdaki

technical are looking good. First target are 5, 5.4, and 5.8. With a single Partnership announcement this could sky rocket out of the downturn. But, it may take some time.

mazdaki

We are in the cloud on the daily basis. poked briefly out of the downturn on a weekly scale. I would not worry about the on day pop and start buying while we are still in the trading range (red lines). First potential pause could be $94-95 range. $84 -$86 should be the minimum and I would keep adding if it drops below that.

mazdaki

it looks like a mini head and should at the bottom and multiple test of the low. one thing is certain that this will move significantly soon. May be a contrarian approach is needed here and the head and shoulder will translate to an explosive move on the earning announcement.

mazdaki

The previous downturn trend line may be use for support and resistance for current price action. If the support holds we will move substantially higher towards the goals in green. Else going back to the 220 range.

mazdaki

We have reached the 50% retracement of the down turn at 235.54 and I have lighten the number of shares a bit (to 70% of original). Very strong bullish move.

mazdaki

Breaking into the cloud. once in the cloud expecting the first pause at $92-$93 and breaking out of the downturn with the target of about $100/share.

mazdaki

poked into the could. and rested at the first Fib.