Vipshop Holdings Limited
Panjang
Telah dikemas kini

Range bound trading opportunity in VIPS.US

109
VIPS 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
Nota
Earnings report came out as a beat. Three cheers to the early birds who started buying since Dec 2016.

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.