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...
There is a level of supply at this mode to trade against. We are simply selling against other sellers that might be here on a return to "BREAKEVEN" from the decline.
Target = LOW
Stop = 1 ATR(11-day)
Tim
11:32AM EST 87.50 last BABA
Update from last week's chart:
The mode has dropped from 8 days at 89-90 to 10-days at 88.50-89.50 which means that sellers are capping the advance.
If BABA can climb back over the MODE, then the upside will be the trade to take. For now, we wait for the market to holder UNDER the mode for an entire day.
I'm fine with being short here with a stop over the...
Good support twice at the bottom trendline. Continually breaking upper trend lines and consolidating for a long term bottom support. Wedge narrowing and breakout imminent with confirmation of double bottom. Adding to long position on down days.
Note the top of today's rally touched the key level of 8-days at one price (mode).
Nice, low risk trade entry to enter close to the mode, with a stop just on the other side of the mode.
Tim
10/3/2014 Friday 3:40PM EST
Here is a nice 'hand drawn' chart of "Time at a Price" for BABA on the daily time frame.
There are 8 days at one price, the $90+/- level.
You can imagine $90 is either a balance point for a rally or a decline.
Tim
9/30/2014 3:34 PM EST 88.73 last BABA
I don't like to predict anything on recent IPO, so ill just draw some observations. Decided to base and add to the idea posted by fellow chartist bigrediska - doing some Fibs on the BABA shows a present relationship with 0.382 fibline. 2 bigger moves like that level a lot and i would subject an upwards trend from here - but if it goes up it is either 0.382 or...
It really depends on what is your time horizon, but as noted last week 83-103 which one will come first? Open question as there is a little data analyze from here. Just make a visit to us www.2waytrading.com
Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi.
The first in, get the biggest profits because they sell to the last in, that are the bagholders.
Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts!
'Murica
Alibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum...
