Alibaba Group Holding Ltd Stock Code BABA.NYS
Outlook
Price broke and closed above cloud yesterday, hinting of a new bullish trend ahead. Price also managed to close a gap resistance, negating the bearish trend before yesterday. Price also created a small opening gap and as long as this gap is not closed, the trend is bullish. MACD is bullish and above the zero line. Both MACD lines are rising as well. Price could head higher to test the gap resistance zone at $189.27 to $191.89
Strategy
$173.10 Buy
$189.20 Price Target
$163.90 Risk Management Stop
3 weeks Trade Duration
Xilinx Inc Stock Code XLNX.NAS
Outlook
Price broke above the cloud again for the second time and this time it looks like it will move higher. We saw two green candlesticks as price broke above the cloud. MACD is bullish and above the zero line and both MACD’s lines are rising. MACD’s histogram is also starting to rise having changed it colour to green. As long as price can stay above the cloud, it should be moving to test the gap resistance from $126.60 to $136.81.
Strategy
$121.70 Buy
$132.90 Price Target
$114.00 Risk Management Stop
3 weeks Trade Duration
