#BABA #ALIBABA Possible Long Idea
Harminics
3 Drive Pattern
Re-Test of previous structure
RSI Bullish divergence and oversold
Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
- Descending triangle, with back-testing the broken support/resistance
- Clear downtrend in MACD and RSI, the latter cannot rise above 50, the former ready to give another sell signal
- Target defined by the height of the triangle
- Stop defined by trendline and MA around 110
- 100 might stop the downward movement, when BABA reaches 100 stop should be pulled to...
After successful IPO of Alibaba and resulting proceeds and forecast busting 3rd Qtr Earnings released after the market close today, will Yahoo have anything to shout about. Or will it be the case that Yahoo's wealth and treasures will flee along with Alibaba & his 40 thieves?
Time will tell. However, I think the Chart say it all.
Look forward to catching some...
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U.S. consumers are now going to be much more familiar with the Alibaba brand once this...
Recently, I have been approached by a number of friends interested in investing. Most of these friends have never paid attention to the markets, or even invested or traded stocks on their own. Yet, most of these people are interested in one stock in particular. You have probably even heard the recent hype yourself... you guessed right, its the Alibaba's IPO.
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