big volume alert. a few days of consolidation. next: wave up. SL break of up trend arrow.
the stock showed some signs of life the last days.. actual correction - that will end soon. Above ca. $ 1.04 we should see a rally to $1.5 or higher.. SL over time! = no signal within 5 days - out.
Oversold. Pirce is bottoming out and ready to rise above it´s dtl. a quick move to $13 is likely. small position ( calls ) because a overall market is in a correction. HIGH RISK modus
BABA should be on the way completing wave c. trendanalysis from rsi - buy. st long with target about $ 140
typical: i wash all longs out behavior. stock is oversold, rsi shows positive div.. ready for a big up move... st: 1 or 2 days - evtl. little bit lower, but favouring longs here.
oversold & signs for a recovery.. rising volatility is now problem for the market - SPY made a slightly new ATH. normaly we should see a fight between bulls & bears here. if the bears win -a bigger rise would be normal. otherwise a rangebound trading with no clear st trend leads also to a rising vola..
After the heavy downtrend and a possible sell out - price should now stabilizise & gain some momentum. so a correction move to about $25 is favoured. RISK : a restest of the recent lows cannot be ruled out, but the next bigger move is up.