10 mins after I wrote this, BABA spiked to $85.12 on a 6,400 share order after hours
a bear trap was set today. price is oscillating around the 50 day sma. next is the 100 day sma. I added calls again today.
robots that care for the elderly and wheelchairs that avoid obstacles. manufacturing deals in Japan and china. heavily shorted, this sucker will fly
anybody that is comfortable reading charts, plug in the MACD histogram settings of 65,90,12. these are martin pring's settings that identify longer term changes in trend. BABA got the bullish crossover today using those settings. relative strength index making higher highs, higher lows, now comfortable above 50.
shorter term MACD settings of 5,9,2 used by the guys at GrokTrade got a bullish shift today, with the MACD and signal line already above 0, with no bearish divergence present yet. signs point to a major move higher tomorrow.
200 simple moving average has flattened on the 2 hr chart. the bears are in big trouble here.
get on the right side of this trade folks. time to cover
I have nailed AMBA, MBLY, GPRO trades in a row for huge gains. BABA is next. or short it if you'd like, throw more fuel on the fire
the MACD on the daily chart has finally crossed above the 0 line today. it crossed below 0 on Oct. 28th, providing the sell signal. it has not given a buy signal since that date, until today.
also, what has happened today, the longer term MACD setting, used my Martin Pring, of 65-90-12 parameters just got the bullish crossover today. this is also a technical buy signal
price is also above the 50 day moving average today.
shorts must cover, price is not heading back down. the 100 day moving average is at $54, and will be tested soon.
long term entry signal issued tomorrow on the bullish MACD crossover using this setting. bears have 1.25 hrs to cover. tomorrow, the neckline of the inverse head and shoulders bottom will be broken. it will not be easy to cover tomorrow and friday
wave 3 is underway. ultimately this wave gets to $51 Friday or monday
look at my MBLY post. 'technically speaking' you know I am right. price is about to explode. you should cover asap
should see close to 10 million shares traded tomorrow
50 sma just crossed above the 200 sma. there was a bullish MACD histogram shift that occurred during the 2:00 hour. technicians will mark the high of that session, a close above that high in one of the next few hours will trigger the long trade. that momentum shift was confirmed in the 3:00 hour today.
anyone familiar with M. Pring's 65,90,12 settings for MACD, will see that on a daily chart, the bulls are about to get a huge tail-wind, as the histograms are about to go positive. the bears really have nothing left here. they will have to cover.
on the hourly chart, there is a well-defined up-trend channel that has been in play. now that most traders can identify it, it probably won't last long, meaning those who will try to get cute and short this around $45.25 or so tomorrow, will have to watch this closely, as I think a more aggressive price channel is in the cards.
accumulate every dip over the next few weeks imo
should be fun, now that even most CNBC analysts are bears on GPRO
he had previously a $43 price target. Kallos is good
i doubt they are throwing away $80k. they know something. expect news tonight or tomorrow morning, and a push north of $43.50 tomorrow
once they get their positions, they will be all over this. rumor is more than 50% of float is short GPRO
I think you are going to get it brother. check out the MACD histograms using the 65,90,12 settings on the daily chart. a bullish crossover will occur this week. Jim Cramer cannot read a chart. I traded MBLY twice during it's move up, earing a 455% gain and a 60% gain on my 2 call options. I am holding the GPRO 4/10 $40 call as of today's 1% this morning. I am confident the trend is now up