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#1 pisces

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Posted 16 August 2016 - 05:05 AM

going over charts , i noticed some bottom formations in URA , FCX , COPX , [inflation plays] which look interesting.

 

The other day i was lucky to have some BABA when they reported earnings.both BABA and YHOO shot up on big gaps.i sold BABA because of the gap , but they followed up on the mo,now yesterday both started an intraday turn down,from very overbought.and it remains to be seen how much they back off.

at the next oversold spot i will buy both.   YHOO has a double bottom target of $45 and BABA a triangle target of $115.

bull.gif



#2 dasein

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Posted 16 August 2016 - 02:01 PM

BABA has a great business model IMO - it cant really help but make money.

 

thx


best,
klh

#3 tradesurfer

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Posted 16 August 2016 - 03:36 PM

uranium stocks are inflation plays ?



#4 pisces

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Posted 16 August 2016 - 06:35 PM

uranium stocks are inflation plays ?

 

URA maybe not so much [inflation] but overlay it on any of the metals and it follows the pattern. bottoming was my main point , which i probably didn,t stress enough.bull.gif ...



#5 tradesurfer

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Posted 16 August 2016 - 06:58 PM

Thanks for the heads up.. yea it looks like quite a few of the uraniums are setting up for a nice run into end of year... and there is a potential big bullish divergence between the monthly uranium futures price and RSI