Alibaba
CLASSIC CANSLIM STOCKI learned about canslim from a guy i know online named Mike Rich, everything I know is because of him. Positive earnings growth in the 20's and 30 percentile over previous quarter, cup and handle, and double bottom, positive cash flow and proven profits with a growing and revolutionary business model. Too many shares to not take profits. Sell 1/2 at $203, buy back if DOW and NASDAQ are still relatively healthy, on next earning report of 20% 30% increase over previous quarter. Sell whole position if it starts acting up because i don't trust the 1 BILLION shares. Plus I believe in OMENS, and the name ALIBABA has a bad ring ;)
NEO is the ONEI've been away from sharing my charts for a while now, but NEO (previously known as ANS or ANTShares) is the reason I got back.
I've been following this coin since it was 14USD (only a few days ago) and it has exploded to the 50s! It actually had 140+% growth in a week...
It's too soon and we don't have enough history to make proper TA, so I just threw some lines, trends, supports and resistances along with a couple of comments just to fill in the cart requirement.
Why NEO is growing so fast even when altcoins get rekt amid Bitcoin's epic surge?
It is supposed to be technically superior to ETHereum.
Has support from the biggest online merchant Alibaba.
Has support from Microsoft.
Supports C# and Java, many other languages coming up (this is a big one, since developers doesn't need to learn a proprietary language like Solidity with Ethereum).
It's Chinese, and Chinese tend to support Chinese stuff, so we will surely be flooded with Chinese ICOs based on Chinese NEOs platform (yes I know I over-used the word 'Chinese').
I'm into this coin, already made me some interesting profit and I will keep following it :)
Don't you just trust my word, DYOR!
Alibaba - A Bullish Continuation BreakoutNYSE:BABA
BABA did a nice consolidation between $150-$160 region for the past 2 weeks. The pullback also sent BABA back into the "valuezone" where a slingshot trade is likely to happen thereafter. A breakout of BABA happened yesterday and it closed at a high of $158.84.
Technically, I would expect the breakout to face resistance around $160 level. And should BABA clear the level, the next resistance would be $162.50 level. Should this be a false breakout, BABA is likely to retrace to test the $152 level. Under the current market conditions, it's more likely that BABA would head up to test the overhead resistance then pull a retracement.
Alibaba Daily Update (13 July 2017) *$150 on sight but!If you have Long on Alibaba stock, I need your attention on this.
It is likely that Alibaba may reach $150, but it is likely not for long.
If the price ever swings long 144~145 region, the bears will claw but fast and furious and we shall see the gap closing move by then, which is 126 area.
It is going to be a long way down.
Trade Safe,
s0nic
BABA @ 1h @ outbreak of 97USD amplitude while next week ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
Long BABA @ daily @ new all-time high 2017 only question of timeTake care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
BABA: Good short setupBABA is currently in a downtrend, and it has a good while before price to sales reaches a more sane level, at least until it hits 77.65 or so. There's a 'Time at mode' downtrend signal that got triggered last Thursday, and we shorted on the pullback on Friday. I bought out of the money puts and bought a put spread to reduce costs on my bearish stance. Risk is 1% overall, and aiming for a nice return here.
If you wish to join, you can either trade it with options, in a variety of ways, or simply short the shares using the reccomended stop loss for position size (you don't need to actually place the order).
Good luck,
Ivan Labrie.
ALIBABA @ 1D Chart @ Basic Scenario technically beatenTrading Capabilities
98.03 < 99.61 : long entry option
92.78 > 90.09 : short entry possible
Bulls could go long into 109.66 at least, to beat a wave and create new b high (may be 2017 with new all time highs)
Bears could go short into 87.70 at least, to beat B wave and create new Basic Scenario
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
ALIBABA @ 1h Chart @ above 1st trading day (after IPO) while thiAlibaba breaked out of trading zone while this september`16
- breakedUP of the 1st trading day (H/L) Session @ after the IPO ...
107.71 (2016-09-23): Friday (last trading) Closed
99.61 (2015-09-19): high of 1st trading day @ after IPO
90.09 (2015-09-19): low of 1st trading day @ after IPO
After the first hype @ after the IPO @ the traders created a gap
in the trading zone (even the 1st trading day @ after the IPO)
107.71 (2016-09-23): Friday (last trading) Closed
97.68 (2015-01-27): high of trading range in the trading zone
91.97 (2015-01-30): low of trading range in the trading zone
While August`16 the market traded the share
again between 90.09 and even 99.61 once again
- even since 2016-06-08 (since around 14 months)
107.71 (2016-09-23): Friday (last trading) Closed
97.18 (2016-08-25): 3rd temporarly daily low after gap into the trading zone back again
93.15 (2016-08-25): 2nd temporarly daily low after gap into the trading zone back again
93.15 (2016-08-15): 2nd temporarly daily low after gap into the trading zone back again
91.31 (2016-08-11): 1st daily low after gap into the trading zone back again
Don`t run after the share - like a missed bus ...
109.75 (2016-09-22): temporarly high - meanwhile yearly high 2016
107.71 (2016-09-23): Friday (last trading) Closed
105.45 (2016-09-15): temporarly high - meanwhile something like a support line
104.27 (2016-09-06): temporarly high - meanwhile something like a support line
98.85 (2016-08-15): temporarly high - meanwhile something like a support line
Use lower intraday prices as an entry. The best case scenario should be even the last both supporting lines around 105.45 & 104.27. Prices once again around 105.45 & 104.27 would - on one side closed the gap (between 106.18 & 106.77) and on other side he bulls could take breath again to climb by the next run trough 110 USD without any problemes. Even into new yearly highs 2016 ...
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
ALIBABA @ Basic Scenario since IPO
The Trading Zone between 99.70 & 89.85 is the mainly indictaor if you want, cause it´s based on the 1st trading day (after the IPO). The relative wide trading range on 1st trading day we can use - even between 99.70 & 89.95 - as a basic long/short setup with a price target for new alltime highs/lows.
And if you want to go deeper, you can use also the trading range in the trading range - between 97.68 & 91.97. You can see that while start of 2015 a gap was created and the share falls into new all time lows until round about 56 in October`15. And after that, the shares turned around even into both trading ranges back - with a gap (under) - and are trading meanwhile above 99.70.
Interesting is, in my opinion the fact while the broad S&P 500 Index was bearsih while the last 10 days, ALIBABA shares even traded above the broad trading box. Which indicates me relative strength. So, from this point of view, new all tume highs into 2017 are only a time of question. Cause the fundamental data, like the P/E Ratio for 2017 is with 30 much cheaper as AMAZON for example (with round about 47), if i am not wrong ...
So all in all lower prices, above the trading range (99.70), in the trading range (97.68), are buying trading capabilities even into new alltime prices into 2017 at least.
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps