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You Have Permission to Buy and Sell.
Firstly, the article is written for myself as much as I am for you, dear reader.
This is your permission to buy or sell. The market that has been weighing you down, be it up or down trend, the worst market in your life, or that worst trade decision you ever made, does not stop you from buy or sell. You do not need permission from anyone. You give yourself the right, and you should.
Chart Analysis
Are You Ready? How?
Look left and think right.
Find as much reason as you can to support your trade decision and strategy.
Alibaba Group Holding Limited | BABA
Let study the chart in a few scenarios, such as Weekly Chart and Equal Distance Channel, Daily Chart and Moving Averages, Daily Chart and River.
Scenario 1: Weekly Chart and Equal Distance Channel
Many like to look at the higher time frame to determine the trend. See chart (picture worth a thousand words) price action resisted or supported by Channel. To earn the right to ‘win’, learn your lesson well.
September 2, 2015 Alibaba Group Holding Weekly
Scenario 2: Daily Chart and River
You will easily find the price action initially was above River, thereafter crosses below River and continue to stay below River when the price start to decent. After a few retest the support, finally the price action manage to breakout of River. But it is just too short the time. Since then the price action has been staying below River, the worst the price action drift further south and far apart from River.
The only chance for PA to change, first the price has to draw near the River.
River
River is a special moving average. River is made of High and Low of a Moving Average such as 34 period. River is a great visual aid for trading. To learn more above River, please more from Raghee Horner’s books.
September 2, 2015 Alibaba Group Holding and River
Scenario 3: Daily Chart and Moving Average
In addition to MACD, a leading indicator to spot the price direction change. Moving Average is a great visual aid for technical analysis. When the moving averages separated, far apart, and pointing down the price action will be continued and down trend. See chart for details. Picture worth a thousand words.
September 2, 2015 Alibaba Group Holding and Moving Averages
Thanks for visiting the website.
Moses
DISCLAIMER
Website advice, “Stock trading is not a get rich quick scheme and it is high risk”.
Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should NOT be considered as an offer or enticement to buy, sell or trade.
You should seek advice from your broker, or licensed investment advisor, before taking any action.
The website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids.
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