as expected. More room to run to surmount gap. Volume excellent.
5/21/15 Leda and others in a 92.50 / 94.50 bear call spread. Unraveled on 5/21/15. Nice retest gap today. Appears to be closing over the strong resistance of 92. Likely will pull back a TAD on the 15 min and hourly but edge does appear bullish for the next few weeks. Sell to open the 100 May week 5 Call creating a bull call spread. Stop for this bull call...
The chart tells a story and the story unfolds bar by bar. See previous analysis of this instrument on the link below.
Channel since earnings gap still intact despite yesterday's lawsuit news. Resistance still at 87.70, with negative pressure for today
BABA made a new low. I had this zone as the buy zone a month back, I still think it is going to do something like that blue arrow. RSI being oversold on 3 timeframes is supportive of this, but price has to find a foothold quickly, especially with it breaking that long term RSI support level. If this support breaks, this can go down to 68, imo. RSI MTF Pane is...
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.
The chart tells a story and the story unfolds bar by bar.
We will continue down until the bearish maintrend is broken. T1 and T2 are estimates and will likely be adjusted later. update 27.04.15 BABA has broken the main bearish trendline update 29.04.15 Even though the main bearish trendline is broken, it seems that bears are still in control.
The sell signal is not the best time to open a long position.
It looks like BABA is trying to form a bottom here with a THIRD attempt to range expand off of the bottom of the range. It looks like it could be short-covering, but sometimes short-covering is what makes a bottom. I think the trade here is to buy in several pieces: First here and second on the pullback to the middle of today's "upward-movement range" (From...
Only two COP and BABA to Short tommorow. BABA was a setup yesterday too....
Time to pick the bottom of ALIBABA. Triangel trend form gives a entrypoint of around 82.00. Better get out again around 92.00 cause we'll see sideways movement for some time.
Baba closed above a triangle type consolidation after all time lows. Hopefully we are going to break above that cloud and begin making a nice range between this new low and previous high. Open 3 positions for the two main targets with an additional position for continuation. Move stops to protect positions once price has cleared them. Good Luck!
Inverse head and shoulders pattern on 30 minute chart with high volume. consolidation between 85.00-86.20. A move with consistent volume can take BABA to 90 quickly. Point of Caution: 1) 8% move happened in one day. Time is needed for consolidation. Profit taking should occur with support from buyers. 2) P/E above 40 on a business that has a market cap of...