Alibaba
Possible Short Trade on BABAWith the fact that BABA has ran up so much this year and the political uncertainty surrounding the potential breakout of major war could bring this down quite a bit. The short trade is something I am considering and will update if I enter a position.
Feel free to comment on this analysis if you have any ideas.
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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