Lose to Know how to Win
See detailed commentary & analysis on breakout price action in our latest blog post published on 10/25/14: syncubate.com/blog/2014/10/25/lose-to-know-how-to-win
BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts.
In our previous blog post published on 10/19/14, we noted, "For BABA bulls to sustain their recent momentum, a close above $90 resistance will be desirable." Two days later, the breakout signal was confirmed for BABA on the 10/21 close at $90.90. See here: syncubate.com/blog/2014/10/19/baba-wall-streets-black-sheep
BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts.
In our previous blog post published on 10/19/14, we noted, "For BABA bulls to sustain their recent momentum, a close above $90 resistance will be desirable." Two days later, the breakout signal was confirmed for BABA on the 10/21 close at $90.90. See here: syncubate.com/blog/2014/10/19/baba-wall-streets-black-sheep
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