Alibaba Group Holding Ltd (NYSE:BABA) On Friday, the stock broke out of the 88.50-90 range in which it has been trading within for the past few sessions. If the stock next week crosses the swing high of the past week 91.50 on the upside, then the uptrend will be confirmed and traders can inititate fresh longs with a stop loss located at 88.48.
Very bullish action on GoPro Inc (NASDAQ:GPRO) last week. The stock firmed around 69.75-71 and then broke out with three days of high volume. If prices pullback, the $76.48 (20EMA) level is a possible area for them to be supported at. All technical indicators still point to a bull market. The chart above (2h) shows the stock price is in a very strong upward momentum as both 50-day and 200-day exponential moving averages are going up along with the stock. The MACD and RSI also shows the stock is currently in a bull market. For now, the trend is still up
