Alibaba has an interesting chart, where we can observe many bearish signals, that might be a bit hidden to the untrained eye.
To name a few:
There's a daily uptrend that has 1 day left and has hit the target, this might be the perfect excuse to short it prematurely before a downtrend clearly forms. I'll update the chart with an entry once ready.
Good luck,
Ivan Labrie
To name a few:
- Yearly MA is trending down and price is below it
- Price is currently under the most frequent price since day 1. This implies the downside is more probable to begin with.
- The earnings have increased midly but it's possible that this isn't the result of an increase in profitability, but debt.
- We have a couple trendlines suggesting weakness, since the daily uptrend was broken. We might see a lower high or M top form here.
- Relative strength readings aren't good for BABA.
There's a daily uptrend that has 1 day left and has hit the target, this might be the perfect excuse to short it prematurely before a downtrend clearly forms. I'll update the chart with an entry once ready.
Good luck,
Ivan Labrie
Komentarz:
Monitoring, not 100% clear yet. We're inching above resistance.
Komentarz:
I had shorted 83.69, stop 85.15 and covered.
Looking at earnings key levels below for support:
I might open a long position, will update the chart then.
Looking at earnings key levels below for support:
I might open a long position, will update the chart then.
Komentarz:
I went long at 80.55 today.
I'll add to it tomorrow if price action justifies it.
It's possible to see a rally over the resistance soon. Target is 95-105.
I'll add to it tomorrow if price action justifies it.
It's possible to see a rally over the resistance soon. Target is 95-105.
Komentarz:
Added to long at 82.34, long working well.
Added to long at 82.34, long working well.
Komentarz:
Booked partially, and trailed sl to 83.33.
Booked partially, and trailed sl to 83.33.
Komentarz:
(Was stopped in profit, then stopped in a second long)
Currently in short.
My initially forecasted general path was respected, just that it took a bit longer to resolve.
Currently in short.
My initially forecasted general path was respected, just that it took a bit longer to resolve.
Zlecenie zamknięto ręcznie:
Covered short.
Price right below the main resistance. If it breaks up it migh signal an interesting long.