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BABA easyIMO everything will follow the path of China. Everything we own says "made in China" -- so why aren't we following BABA as a guide??? Our indices have followed the path. Our big caps are following the path. We don't need to reinvent the wheel. It's right there... I don't known anyone else who does this simple channel scheme w the charts. There may be a better way. It's is a no nonsense, no need for mult indicators etc analysis. Most companies will follow a Livermore-esque pattern. Up, consolidate (cone or rectangle), pump to peak (distribution if ur a Wyckoffer), back down to size. They can rinse and repeat the cycle for larger and larger cycles (a la Bitcoin-- though she has her own special personality). I do like some indicators for timing and confirmation. What the super pros in the history of trading will all say is: when in doubt zoom out. The mistakes I see when I read through other published ides on TV is that people fail to zoom out.
NYSE:BABA
by Lingamfelter