Baba could be heading to $200# Stock
R*g
1 楼
1) TheStreet analyst Bruce Kamich posted
Alibaba Could Rally Back to $200, Look to Buy a Shallow Dip
In this daily bar chart of BABA, below, we can see the double-bottom in
October and December. Prices recently broke above the December high and the
bottoming 200-day moving average line to "complete" the pattern. Prices have
been above the rising 50-day moving average line since early January. The
daily On-Balance-Volume (OBV) line has been firming since the end of
December suggesting that the selling pressure seen since June is over and
new accumulation is under way. The trend-following Moving Average
Convergence Divergence (MACD) oscillator is above the zero line in a bullish
configuration since the middle of January.
2) Bruce's TipRands rating is not good. His average return is -0.2%
Alibaba Could Rally Back to $200, Look to Buy a Shallow Dip
In this daily bar chart of BABA, below, we can see the double-bottom in
October and December. Prices recently broke above the December high and the
bottoming 200-day moving average line to "complete" the pattern. Prices have
been above the rising 50-day moving average line since early January. The
daily On-Balance-Volume (OBV) line has been firming since the end of
December suggesting that the selling pressure seen since June is over and
new accumulation is under way. The trend-following Moving Average
Convergence Divergence (MACD) oscillator is above the zero line in a bullish
configuration since the middle of January.
2) Bruce's TipRands rating is not good. His average return is -0.2%
