VIPS
Aim for Gap fillI believe a move is coming for a couple points Long.
The information is in the chart.
Good luck.
VIPS - LONG Opportiunity by Abdolreza SadreddiniVIPS - Vipshop Holdings Limited has very good potential for long term profit if bounce back and close a daily candle above $7.10.
Obviously, the stop loss would be set under knee the lowest point and TP will be over $30.00 in long term.
Setting a buy stop at $7.10 would be a smart move.
Market Report by Abdolreza Sadreddini
3 digit stock on the wayVIP.com is ranked No.1 in China's online discount market with 38.1% market share.
Source - www.iresearchchina.com
(D) Some magnetization near 13 and support near P Pivot & EMA200However there is resistance from 13.50. If bulls kick in, 14 or R1 Pivot are possible resistance tests.
One possible trade scenario.
Obey your rules
VIPS Bullish SwingTrade triggered yesterday but order wasn't open. Small retest gap up today with the limit buy order open at 13.41
Setup based on the gap off earnings. Lots of upside potential.
$VIPS rising wedge$VIPS in a rising wedge on 60.
Negative divergences on RSI and MACD.
Watch for a move down.
VIPS- Head And Shoulders Top Forming?As you can see, overall this issue is starting to get that look. The look of a Head And Shoulders top formation with this issue currently in right Shoulder build out mode (Pink bear Channel). Until it breaks (IF) to the downside of the potential right shoulder there is nothing to talk about, just watch. The other scenario to be on the lookout for is that of a retest of highs, but then that could be construed as a potential double top in the making just like BIDU recently did.
VIPS- The Trend Channel Is Your Friend8-22 Classic case of the Bunny Hop dance all within a clearly defined uptrend channel.
Two steps forward, one step back, two steps forward one step back and so on. That's the bunny hop dance.
So applied to the stock market? Two steps forward to trend channel resistance, one step back to trend channel support and that is the trend and its currently your friend.
For Informational and educational purposes only, these are not recommendations.
VIPS: Follow up on VIPS AWAY2 Weeks ago I posted on VIPS, the stock is ready to break out of its cup, watch it and look for buying pressure and volume, it is Chinese stock so caution on it as can be more issue on the numbers
Vips AwayPER Investors Business Daily: sales have skyrocketed from $2.8 million to $692 million over this period. The company became profitable last year, when it earned $1.12 a share. Revenue surged 145% to $1.7 billion.
Analysts polled by Thomson Reuters see Vipshop's earnings jumping 127% this year to $2.54 a share. Growth is expected at 77% in 2015.
