VIPS/N trade ideas
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
Closed Around Long Term Support
Closed around long term support, should bounce soon (if it breaks then it'll test the bottom of the channel in the upcoming months)
Been sideways for past year and will most likely continue
Decision point this month on support if it holds then decision point in 2018
Buy VIPSGreat growth despite economy.
Still tiny company operating in a huge market.
AMZN or BABA cant penetrate as they would like in clothing segment.
Great future ahead
Nice valuation for a 2 digit growing company
(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 short entryVIPS is showing a shooting star pattern on decreasing volume, as well as RSI and MACD overbought signals.
Enter short, setting stop loss halfway up the wick (13.75). Set price target at either the smaller 12.60 resistance level or the major 12.00 resistance level, if you're more aggressive.
Range bound trading opportunity in VIPS.USVIPS has been contained in a wide trading range (11-16)since Feb 2016. It reached the bottom end of the range in Dec 2016 and began consolidating. We saw a down move on the daily chart in late Jan 2017 but it quickly recovered alongside a macd divergence. Hence I suspect the sellers lack the conviction to sell through the $11 support, which offers good risk reward for a long trade.
Target $14.50
Stop $10.25
VIPSWatching VIPs here to see if we hold the 10.00 area of support. We have put in lower highs on this base recently which could be a cause for concern. This area has been holding since early 2016. Would love to get a try around 10.50 with stops below 10.00.
