September 4, 2016
Gartley and Alibaba
Picture worth a thousand words,
September 2, 2016 Alibaba Group Holding Weekly Chart
Catch the Falling Knife Alibaba Group Holding
If you will catch the falling knife base one the ABCD chart pattern, can you be sure to take profit when the price about to retest the low after IPO. Likely not. Price always like to retest the previous level, so will you try again to catch the low when the retest happen? Again, you may not be brave enough to catch the second falling knife. The answer is unless you are very sure. Otherwise do take the risk, or cut lost quickly.
Singapore GIC invested One Billion in Alibaba
One the other hand, it will be lower risk if you were bought where the price is above moving average. Especially, when the price pull back to and retest the moving average. Singapore GIC invested one billion when that happened. Read the story http://www.straitstimes.com/business/companies-markets/gic-temasek-buy-combined-us1b-in-alibaba-stock-in-softbank-sale. You can also read story on Bloomberg site, http://www.bloomberg.com/. See link, http://www.bloomberg.com/news/articles/2016-06-02/singapore-inc-buys-1-billion-in-alibaba-adding-to-china-bets.
You can read our earlier posting on the Alibaba analysis. Read the link here, http://www.amibrokeracademy.com/amibroker/alibaba-is-it-the-right-bets-moses-stock-analysis/.
September 2, 2016 Alibaba Group Holding Weekly Chart and Moving Average
Moses US Stock Column
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