November 17, 2016
US Stock Analysis
Temasek Remains the Eighth-largest, … Alibaba
Temasek was one of the early investors in Alibaba, and according to data compiled by Bloomberg Temasek remains the eighth-largest holding in the fund’s portfolio. Read story “Temasek says it remains ‘significantly invested’ in Alibaba” by The Straits Times.
After Last Week, What the Market is Focusing Now
Everyone said the market would drop, probably a 5 – 10 percent on a Trump victory. Has that happened? Yes, but only for about an hour as the futures went limit down. But what is the market now? From the chart what have you got. Picture worth a thousand words, some stock went up some stock not. See BA for went up, but not the one below.
Now the Presidential Election is over, the markets will focus on other things, or longer term consequences.
BABA | Alibaba Group Holding Limited Daily Chart
In the daily chart, the price action has crossed below 34 EMA Wave. The price action has topping and begin to form lower high and lower low. Price action get resisted by the dynamic resistance, special moving average, Wave.
November 15, 2016 Alibaba Group Holding Limited Daily Chart
BABA | Alibaba Group Holding Weekly Since IPO
The price action has now supported by the 34 EMA Wave. Will the price get supported. You probably easily spot the ABCD Sell Chart pattern.
November 15, 2016 Alibaba Group Holding Weekly Chart
Have fun!
Moses US Stock Desk
AmiBrokerAcademy.com
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