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Analysis: #NYSE $VIPS

Case 305 #Vipshop Holdings Limited

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#VIPS 1/4
Chart 1
Weekly Chart: Upside #momentum is stalling as cluster #resistance at 17.65-18.95 coupled with #Fib. 0.382 at 19.14 is proving formidable. Bullishness will be achieved only on a close above sloping trendline resistance which .....

VIPS 2/4
..... begins at 20.62 to target 24.24. To the downside strong #support is seen at the #pivot 12.04, Fib. 0.618 at 11.99 and then #SMA 200 at 11.17. Further down below #trendline resistance turned support at 9.87.

VIPS 3/4
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