Vipshop Holdings #VIPSAfter broke out, Vipshop Holdings just sat on the support. The pull back may continue on this week.
VIPS trade ideas
The pace is changing For who followed me so far in Vipshop.
So far we had a bullish trend as I had suggested time ago.
Now we are still in a downtrend, but the pace is changing. This could be a sign that something changed.
sell at 13.20We had a big sell off this monday, almost at the point I said, 12.50 (but it reached 12.63).
Then the price pushed off but the resistance of 13.25 is strong and is pushing back. Selling at 13.20 is a good position,. So far the trend is still bearish and there's no signal of reverse
What's happeningAs suggested in the last post it was a good idea to put a sell position.
On friday the volume was pretty low. Still the price went down. This meant that there were few sellers and even less buyers.
Still the low volume means that many holders are not concerned about the price dropping.
I closed my sell position on friday due to the quite low volume. There could be a momentary up. The major trend for now is downward.
If we are going to break the next support level the downtrend has much probabilities to continue until the next supporting level. Though we need to be careful to the volumes. If on this monday we can see a significant amount of volume and the price dropping we have an other confirm that the price is expected to drop for some other time. Though it's strange that we didn't have one little up moment since long time.
In my total opinion I expect that soon there will an up moment followed from again by the major downtrend for some other time.
SellIt could be a good time to sell. We are in a downtrend. I wouldn't say a bearish. Though I expect the trend to continue for a while. Many previous lows in the uptrend have been broken.
I expect a good position with take profit at 12.50 , stop loss at 14.20.
Note: this is only my opinion. Don't take it for sure , I could be wrong.
Decisive pointAs I previously published it wa expected this little retracement. Now we are testing the blue trend line.
IF it bounces back it's time to buy
If it drops it it's time to sell
Reversal upcoming?Now we have two situations going on:
1) it is going to be a reversal, and it will be time to sell
2) It isn't in reversal:
2.1) if it breaks the 15 heavily it is still in bullish
2.2) else it is in a stationary moment.
VIPS run should continue after pullback from overboughtChinese retailer VIPS has been on a massive run lately, and is now pulling back from overbought on the weekly. The stock has formed two upward trend lines, one steeper than the other. We may break the steepest trend line and bounce from the secondary one. VIPS started 2019 at a low valuation, and over the course of the year has seen a roughly 100% increase in its earnings forecast. The share price has risen accordingly, but the stock remains significantly undervalued according to S&P Global Intelligence, with a valuation rating of 86/100.
VIPS has posted huge earnings beats on its last five earnings reports. The company next reports earnings on February 18, 2020. Judging from the current earnings forecast, I judge that the share price is likely to hit $30 per share by 2021. The stock has a 9.5/10 analyst summary score and fairly bullish options volume even after the huge run it's been on.
Looking for breakout in VipShop Holdings====Price Target $11 - Entry level $9===
COMPANY PROFILE
VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous. It cooperates with domestic and overseas brand agents and manufacturers. The company was founded by Ya Shen and Xiao Bo Hong on August 22, 2008 and is headquartered in Guangzhou, China.
Vipshop OpinionHave to see if this breaks the big negative slope resistance. Looking for an entry level above the red resistance and between the purple lines
VIPS - Potential Long above the 5 EMAI am a buyer if it closes above the 5 EMA. Will do a 2ATR stop. Earnings winner. Ascending wedge. HHs, HLs. Piercing $8.71 will give me extra confidence and what I would like to see happen.
will place 0.2% of capital at risk as always...
Aim for Gap fillI believe a move is coming for a couple points Long.
The information is in the chart.
Good luck.
VIPS growth potentialVipshop market cap. 3B vs Alibaba market cap. 343B
Has potential to grow in comparison with Alibaba
Long term idea without predefined stop loss and target profit.
Disclaimer: not investment advice, not qualified licensed investment advisor, author may have positions in mentioned assets.
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
VIPS low-risk buy, high reward potentialThis is a short term play that, if all goes well, could turn into a long-term play.
NYSE:VIPS is currently at the bottom of a micro uptrend channel (orange lines), looking to test the two major trend bear trend lines on the 4hr and Daily.
I'm using a low risk entry on the bottom of the channel with a stop under the low of today which would be a confirmation of an exit of the channel.
I'm using a profit target based on stock remaining in the channel and resistance at the Daily trend line (solid light blue line).
There will most likely be resistance at the 4hr trend line (light blue dotted line) but a break of that trend line should give enough momentum to test the major Daily trend line.
Move up stops under new lows that remain along the bottom of the upward channel, let the trade continue if it's a winner but take the profits if the channel fails.
This is a 15 minute chart.
This is a step back on the larger time frame, the Daily, to show the major trend lines that could serve as major breakouts if broken, especially if they are retested once broken and hold to show confirmation.
On the weekly chart, there is trend angle play dating back to 2012 (red line) that could come into play. If it does get broken, retested and held with confirmation, then VIPS is looking at a long term major reversal to the upside.
This is a long shot but the potential is there if the 6 year red trend line comes back into play.
But let's stick with the original game plan on the micro trend channel on the 15 min chart and if it keeps going, great.
Remember, risk management is key!
Tomorrow is another day!
Good luck!
