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Post by huh on Mar 14, 2015 8:48:01 GMT -5
Check out this potential set-up in YHOO, which is getting crushed in pre-market. If it can hold that final FIB & gap fill supports ~40.20, could run to ~58+. Remember if playing either this or the BABA set-up, the stop is a little under the buy. If it closes under these supports, it's a sell. If it trades too far, or too long, under the support, it's a sell. YHOO down 8% since & still consolidating within those FIBs, but looks as if it's about to drop lower into that support ~40.10-40.20. A long play there could turn out to be a riskier play than I thought. This move would place it solidly below it's 200dma. Also, it's next moves might be based on what BABA does (below). But still worth a shot there with a tight stop, though I think there's better plays out there in tech until BABA puts in a bottom (AAPL >124.80, INTC ~29.60-30.00)
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Post by huh on Mar 14, 2015 8:58:15 GMT -5
BABA. Not much needs to be said here...wait for a bottom, or until back into the steep down channel over 85.00. Likely to see at least mid-70's until then.
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Post by birthmark on Mar 14, 2015 13:55:08 GMT -5
Good stuff Huh. BABA is also on my list. Mid 70's...
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Post by huh on Mar 16, 2015 11:36:02 GMT -5
BABA finally backtested the break of that steep down channel with today's HOD. It lost that channel back on January 29th, and this is the first time it's tested it.
It's now on the next support below there ~84.
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Post by huh on Mar 19, 2015 8:33:26 GMT -5
BABA is back in that channel. I didn't expect that. Curious to see if it can hold it this time.
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Post by huh on Mar 19, 2015 10:45:44 GMT -5
If BABA loses LOD (85), next downside target is ~83.00 - then likely followed soon by new all-time lows.
Today's HOD is a key FIB resistance.
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Post by huh on Mar 19, 2015 11:34:57 GMT -5
If BABA loses LOD (85), next downside target is ~83.00 - then likely followed soon by new all-time lows. Today's HOD is a key FIB resistance. Looks as if BABA's going to lose that low, in case someone's looking for a short on it. (POTUS Poll) Currently trading ~85.50.
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Post by huh on Apr 9, 2015 9:08:59 GMT -5
BABA rallying again in pre-market @ 86.35. Downtrend still intact until it breaks over resistance which now sits 87.25-87.45. BABA overshot the FIB resistance some, but now back below it and into the previous channel. Next channel support sits ~81.50 (and so does its bottom BB after hitting the top BB today).
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Post by huh on May 5, 2015 9:09:01 GMT -5
BABA is getting close to the 70s. Would be a buyer there for sure. Also I was looking at NBG again. GL I'm not sure on BABA. I think at least ~76/77. A potential pattern exists for ~73.50. And would love to see 60's ($68.00 was the IPO price). But I'm curious what YHOO does at the gap fill ~46.40's (and it's 100dma) if it gets there. It could give us some direction on BABA. I'm watching NBG for ~.95 (there's a true phantom print there). But only if it hits well before the close, and then hold it only if it bounces higher that same day. ♪♫ She'll be coming 'round the mountain when she comes, when she comes... ♪♫Looking for downside target ~73.65
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Post by birthmark on May 5, 2015 9:56:13 GMT -5
Closer she creeps... Could almost see it break below 70 with a real good flush.
BTW -- BIDU has been getting killed too. Under 200.
GL
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Post by huh on May 5, 2015 10:02:43 GMT -5
Closer she creeps... Could almost see it break below 70 with a real good flush. BTW -- BIDU has been getting killed too. Under 200. GL NOAH intraday flagging for more downside as well. Daily chart putting in a double-top. That downside target in BABA is only that, a downside target. Not necessarily a buy target. It'll likely consolidate for a bit to put in a bottoming pattern before heading up. I still think some of the Chinese names MAY be good holds if/when our is pulling back. BABA is one of them.
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Post by huh on May 7, 2015 8:39:58 GMT -5
BABA above it's top BB, and overshot the top of a bear flag channel, and that overshoot hit the 76.4 FIB of the entire bear flag perfectly. Now back into the channel. If it loses 86, it's a major short IMO. Downside ~72-73. (need it to lose that previous FIB first to confirm that it's not going to try to fill that upside gap ~98)
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Post by huh on May 7, 2015 9:00:41 GMT -5
... If it loses 86, it's a major short IMO. Downside ~72-73. (need it to lose that previous FIB first to confirm that it's not going to try to fill that upside gap ~98) [chart] Bombs away
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Post by huh on May 7, 2015 9:10:57 GMT -5
That's gonna be one heck of a candle today in BABA
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Post by Herceg on May 7, 2015 9:28:20 GMT -5
That's gonna be one heck of a candle today in BABA As is YHOO which seems to be following it step by step.............. JMO and BOL.........
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Post by Herceg on May 7, 2015 9:52:17 GMT -5
That's gonna be one heck of a candle today in BABA Back up and climbing but after reading your analysis, I am skeptical to go long............... JMO and BOL.............
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Post by huh on May 7, 2015 10:02:28 GMT -5
That's gonna be one heck of a candle today in BABA Back up and climbing but after reading your analysis, I am skeptical to go long............... JMO and BOL............. I see only short opportunities with today's pop in BABA. But I could be wrong and it squeezes to fill that upside gap. >88.30 would confirm I'm a moron.
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Post by huh on May 7, 2015 10:47:29 GMT -5
Back up and climbing but after reading your analysis, I am skeptical to go long............... JMO and BOL............. I see only short opportunities with today's pop in BABA. But I could be wrong and it squeezes to fill that upside gap. >88.30 would confirm I'm a moron. Looks like a bearish continuation forming while the market rising. <85.33 confirms.
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Post by huh on May 8, 2015 8:43:59 GMT -5
...>88.30 would confirm I'm a moron. HOD so far was 88.27
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Post by huh on Jun 26, 2015 7:50:03 GMT -5
It has a way to go before confirming, but seeing the possibility for BABA in the low to mid 50's now
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