Looks like the sellers are being pushed out here. Today looks like a good day to buy at 66.41. If you're looking for more confirmation, wait till it breaks $69 with a target price of around 74.40. Set a stop around 67.
It's a great time to buy BABA. This is a company that generates monster earnings and has incredibly huge upside with the potential growth of Chinese mobile. RSI indicates this is way oversold on both the short and long term scale. Buy now.
VIPS is forming an ascending triangle pattern that will soon breakout higher. The resistance line of around $110 has been holding , but you can see the sellers starting to get edge out with higher lows. Look for the red resistance line to break sometime in the next four trading sessions.
$200 is just about the very best price you'll get for VIPS. You might be able to get 199 or 198, but you'd be pushing it. After the Alibaba IPO on the 19th, this thing is going to rocket.
Vipshop is a Chinese Online retailer very similar to Amazon. The growth potential for companies like Alibaba and Vipshop is enormous. You can catch a dip here at the bottom of it's linear regression. This stock is going to continue it's long term trend throughout the year. It's almost doubled twice already this year, and I expect it to continue it's upward movement.
