BITA
BITA Scenarios following the recent price movements on the stock will take position on 2 possible scenarios.
Long @ 41.10 SL 37.40
T1 54.10 T2 60
short @37.30 SL 40.50
T1 28.70 / T2 26
Long BITAbreaking out of ascending triangle on good volume. good risk/reward. looking for push to upper trend line for possible add #BITA
BITA weekly credit spread (Brad Reed Jan7,2015)If BITA closes above 100 sma, 75 70 Bull Put Spread limit fill 50 cents for 10%ish expiring Jan 16 (monthly)
BABA- What's So Special About The $100-$101 Zone?12-2 Let's keep it simple. What's so special
about the 100-101 zone? Not only is it the
first breakout into a new high out of what
some would call a base. It's also a 50%
Fibonacci retracement on the way down.
It also just happens to be at? An old support.
We all know the old rule of thumb right? Old
resistance once broken tends to become?
New support. What is even more
special though? Is the B wave bear channel.
Check out BIDU and BITA as they too both did
one before breaking to the downside.
Knowing what to watch for sometimes
can make all the difference. In this case
the for shorting the bear channel told you
all you need to know.
Do yourself a favor and be on the lookout
for them. If you are a long only type?
They are the what to watch out for.
For informational and educational purposes only
these are not recommendations, trade at your own risk.
BITA: Weekly Moving Average AnalysisBITA continues its climax run, as detailed in our blog post last week: www.syncubate.com
This chart builds off of our previous analysis. You'll notice that the stock has not closed below the 10 week MA since early May. This average has been a support level on two pullbacks, most recently in early July.
The 5 day MA has served as support on multiple pullbacks during this summer rally.
Watch for both of these levels to be tested and to possibly serve as support levels on any pullback moving forward
BITA: Textbook Example of a Climax Run in FormationThis chart supplements our previous analysis entitled "BITA: Climax Run in the Making"
For detailed analysis and commentary, please see our original blog post published 8/15/14: www.syncubate.com
This updated chart shows in clearer terms the nature of the climax run in formation.
Notice how the upside spread between the low and high this past week was $18, the highest of all prior weeks.
“The price spread from the stock’s low to its high for the week will almost always be greater than that for any prior week since the beginning of the original move many months ago.” - William J. O'Neil, author of "How to Make Money in Stocks," on the signs of a Climax Run
BITA: Climax Run in the MakingFor detailed analysis, check out our blog post published 8/15/14 and add your comments: www.syncubate.com
BITA has been experiencing a strong move higher along with other Chinese internet stocks recently.
The stock is up 85% since the beginning of June, but can it continue its rise, or will the party soon be coming to an end?
