Additional down indication for AALHistorically when the Coppock Curve reaches this level, the stock drops an average of 12.9% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
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AMERICAN AIRLINES is groundedHistorically when the Vortex Indicator reaches this level, the stock drops an average of 13% over the next few weeks. There is no clear bottom based on the current trends, but my conservative drop is to at least 42.50. The bottom could very likely be in the low 30s. The key to a drop below 42.50 could be around the earnings release.
Third Indicator of upward move for BABAHistorically when the Coppock Curve reaches this level, the stock moves at least 1% higher over the next few weeks with an average move of 15%. This chart depicts multiple levels of interest over the next few months.
In the current MACRO trend channel, it took BABA about 64 trading days to go from the top of the channel to the bottom (Nov 15-Feb 16) in a move that lost 31.44%. This same top to bottom was recently repeated in 60 trading days and only 21.72% was shed.
After the 2016 drop, BABA moved bottom to a top in about 49 trading days which gained 37.96%. My longer term outlook is for something similar to occur. IF BABA breaks above its current down trend channel, upward movement could continue toward 109.23 around March 1.
For now my conservative play is a move to at least 96.00 over the next few weeks. World events could keep BABA in the current down trend channel for a much longer period of time. Of interest is a potential selloff after DJY0 reaches 20K and/or the swearing in of President Trump which brings to fruition some international policies. Trump could stir up tariffs, embargos, or other vital trade implications especially with China that could weaken some of BABA's international imports and exports.
Bottom line, look for BABA to move to 96.00, and then 109.00 once the current MICRO trend is broken upward.
More Technical Positives for BABAHistorically when the Vortex Indicator reaches this level, the stock moves at least 1% higher over the next few weeks. This chart depicts multiple levels of interest over the next few months.
In the current MACRO trend channel, it took BABA about 64 trading days to go from the top of the channel to the bottom (Nov 15-Feb 16) in a move that lost 31.44%. This same top to bottom was recently repeated in 60 trading days and only 21.72% was shed.
After the 2016 drop, BABA moved bottom to a top in about 49 trading days which gained 37.96%. My longer term outlook is for something similar to occur. IF BABA breaks above its current down trend channel, upward movement could continue toward 109.23 around March 1.
For now my conservative play is a move to at least 96.00 over the next few weeks. World events could keep BABA in the current down trend channel for a much longer period of time. Of interest is a potential selloff after DJY0 reaches 20K and/or the swearing in of President Trump which brings to fruition some international policies. Trump could stir up tariffs, embargos, or other vital trade implications especially with China that could weaken some of BABA's international imports and exports.
Bottom line, look for BABA to move to 96.00, and then 109.00 once the current MICRO trend is broken upward.
Another indicator Visa will move upHistorically when the RSI reaches this level the stock moves up at least 1.00% over the next few weeks with an average move of 3.75%. The stock will most likely fall over the next few trading days before testing resistance at 83.70. I plan to place CALLS over the next few days on the dip.
Visa pointing up soonHistorically when the coppock curve reaches this level the stock gains a an average of 5.11% over the next few weeks. Because Visa has had 4 consecutive days of solid gains, it may drop over the next 1-2 trading days. Buying the dip would be a great options play. The pink zone is the target area for the price to reach. My conservative play is a move to at least 83.70 which has been a frequent area of resistance.
SLIGHT MOVE UP, BEFORE NEXT DROPHistorically when the TSI reaches this level, VZ rises at least 1.08% and moves an average of 3.10%. Most movement is between 2-3%. My conservative play is a movement to at least 55.75 over the next few weeks.
The previous movement from bottom to top in this trend channel took 52 trading days and the total move was 24.43%. I have laid out where those levels would be in this instance. the 52nd trading day is outside of my time period that I monitor but movement could still reach that level which is around 57.30. So far we are 35 trading days since the bottom was last attained.
UPSIDE FOR ALIBABAHistorically when the RSI reaches its current level with BABA, the stock rises a minimum of 3.27% and has an average movement of 9.91%. I have outlined a trendline that has served as support and resistance multiple times in the previous year. Although the top of the trendchannel is well above this point, I project a conservative move to 101.60 over the next few weeks.
There may be a slight pullback tomorrow, especially with the non-farm payroll and unemployment numbers are due out and looking less positive. Near the end of the day tomorrow or shortly after the OPEN on Monday could be great opportunities to BUY a CALL.