Why did BABA hold the level it did in the recent pullback?
It is the level where earnings were released on the way up - so there were natural buyers who wished to accumulate stock at that level who were waiting to an opportunity to buy at their price. They didn't want to chase after shares after the earnings report, rather, they lay in wait for a chance to buy them.
It is essential to know where a stock was just before, during and just after earnings were released to give you the keys to the "hidden levels" of support and resistance in a stock chart. This technology is now available to you through TradingView.
Tim 2:33PM EST 12/2/2014
It is the level where earnings were released on the way up - so there were natural buyers who wished to accumulate stock at that level who were waiting to an opportunity to buy at their price. They didn't want to chase after shares after the earnings report, rather, they lay in wait for a chance to buy them.
It is essential to know where a stock was just before, during and just after earnings were released to give you the keys to the "hidden levels" of support and resistance in a stock chart. This technology is now available to you through TradingView.
Tim 2:33PM EST 12/2/2014
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.