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Alibaba Group Holding Limited BABA Stock Analysis and Moving Average
Moving Average is a great and convenient tool to visual inspect the chart. When price action is below the fast moving average, such as 20 MA. It gives you the understanding the probability for price to go up is less. So, vise verse for price action is above the fast ma.
The price action is near bottom, assume it is true. Monitor for Gartley reversal trade strategy. See the explanation on Gartley Reversal Strategy on the earlier posting. Have fun!
July 22, 2015 Alibaba Group Holding
Alibaba Group Holding Limited Stock Analysis and Bollinger Band
You can spot bull trap and bear trap. Basically, when the trend reversal after the bull or bear trend and those whom just join the trend get caught, means trap.
After a downtrend, the price action try to test and retest the same level. Possible reverse.
July 22, 2015 Alibaba Group Holding Limited
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Moses
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