Downtrend channel on the daily, Currently at the Mid Channel Zone. Trading Range 112-105. Above 112 it'll recover, below 105 downtrend continues. Target @105, Target 2 @ 101. Support on the 0.618Fib (105.88) above the 34 EMA. This level is key for a downtrend continuation. I expect a rebound on the 101 level since this is the 0.5Fib retracement level.
I don't see...
12-2 Let's keep it simple. What's so special
about the 100-101 zone? Not only is it the
first breakout into a new high out of what
some would call a base. It's also a 50%
Fibonacci retracement on the way down.
It also just happens to be at? An old support.
We all know the old rule of thumb right? Old
resistance once broken tends to become?
New support. ...
1) bounce off daily Key Earnings Level (see Tim West).
2) bounce off 71.5 fib (drawn from low of green triangle to the top).
3) spike on Vix Fix indicator (see lime green line).
I played this on the short side today and got out when I saw big volume come in. Some notes on chart. If I'm correct, I think there is more downside in store - but not sure I want to play it.
NOV18: If support @111 is broken, next target is 105, where the downtrend channel Support line is and there are chances for a short cover bounce. If the downtrend continues keep an eye on 101, where the 50% retracement is located.
BABA may experience a little pullback. If it does, wait for the fast stochastic to hit 40 to be oversold in the uptrend. Do make sure the trend is still upward by looking at the DMI or the ADX.
Negative momentum divergences. This flashes a Warning signal. It needs to hold above 114 and 112 to continue, otherwise it risks to start a downtrend.
Unless this trades above 120 I will change my mind.
Don't chase above this level, just wait a pull back as many of you email where next. Market overbought levels and could push little bit higher from here and don't get surprised if S&P 500 hits 2100 before end year if that is the case $BABA will be 135.60 too. If you want a real time alerts on this security try us www.2waytrading.com
There is a good chance that price will move much lower from here and probably will find support at 111.89. We had a nice trades and were very precise about this stock. If you want a real time alert try us www.2waytrading.com
After first day of trading, we came up with what we thought will be a good buying entry and exiting with a decent profit at different levels. This stock wasn't easy to predict where will be an area of rest both selling and buying and proved right. Now, we think the price is very close to its last leg for the short term and probably next buying opportunity will be...
The short term downturn did not occur and we may never see it back below a 100. Going long and adding on pull backs. This is the only large growth stock that many will park their money into for years to come.
probably not the smartest move but currently at Mean+2 stdev uptrend since initiation of the IPO and with an upside Mean+3 stdev of 106.74. there seems to be a more of a potential to the downside than immediate upside. as stated before will enter long at about $92 support if the earning is inline with estimates. If the earning and projections are below estimates...
See detailed commentary & analysis on breakout price action in our latest blog post published on 10/25/14: www.syncubate.com
BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts.
In our previous blog post published on 10/19/14, we noted, "For BABA...
10-25 So, completed cup? Or a tag of resistance.
Which is it? How about both. Remember a breakout
of a cup and handle is a breakout of resistance
until it breaks out, its resistance. Given the near
vertical upside assault in the indexes last week,
that created a short term overbought condition
at the least, one is probably better served to look where support...
Looks like Alibaba is finally picking a direction and is gaining upward momentum as we head into earnings. BABA broke a new closing high of $94.45 while also registering a TTM squeeze green light. Sometimes its nice to find a momentum stock in its early stage before it takes off. Although I like to see more trading days to confirm a trend, I'm gong to take some...
