See detailed commentary & analysis on breakout price action in our latest blog post published on 10/25/14: syncubate.com/blog/2014/10/25/lose-to-know-how-to-win
BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts.
In our previous blog post published on 10/19/14, we noted, "For BABA bulls to sustain their recent momentum, a close above $90 resistance will be desirable." Two days later, the breakout signal was confirmed for BABA on the 10/21 close at $90.90. See here: syncubate.com/blog/2014/10/19/baba-wall-streets-black-sheep
BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts.
In our previous blog post published on 10/19/14, we noted, "For BABA bulls to sustain their recent momentum, a close above $90 resistance will be desirable." Two days later, the breakout signal was confirmed for BABA on the 10/21 close at $90.90. See here: syncubate.com/blog/2014/10/19/baba-wall-streets-black-sheep
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.