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Alibabashort

BABA will dropHistorically BABA drops on average 7.57% when the VI reaches its current level. I have laid out 3 potential levels it could drop to. The first hurdle (which should easily be met) is 87.88 (pink dotted line). BABA has not been South of this mark since August. My three levels will certainly be in play once the stock drops past this level. CONSERVATIVE PLAY: The stock will drop and a nice solid psychological 85.00 is the position I am most comfortable playing. AVERAGE DROP: WIth the average drop of 7.57%, a solid 7% drop above the bottom trendlines is a safer play. BOTTOM OF PSEUDO TRENDCHANNEL: Although it is not the "official" bottom of the trendchannel, it has been a more common support line in the current trend. This position is just below the 80 mark which is more than a 10% drop from its current position. This is a riskier bet, but not impossible considering international instability and most stocks being significantly overpriced.
NYSE:BABAShort
by StockSignaler
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
NYSE:BABALong
by Devise2Day