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Growth Avenues
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Advisory, Consulting and Training across all Asset classes in Financial and Capital Markets.
Advisory, Consulting and Training across all Asset classes in Financial and Capital Markets.

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If you thought oil was the only commodity that is witnessing a sell off, think again. Following is a chart (courtesy Finviz) that shows that a whole lot of commodities are into a sell off. Note that cotton has fallen even more than oil!  All these should be good for some consumers and bad for producers. I wish I knew all the stocks related to these! That is an exercise for readers!
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The stock is making higher highs and higher lows and has also moved past its 5 year high indicating bullishness. The stock had been tagging the upper Bollinger band last week and this week its giving follow through this week also and volume has also increased. The strength of the trend is also confirmed with Direction Index Positive (DI+) crossing above 35 levels on weekly along with ADX. The price is experiencing good momentum shown by RSI crossing above 70 on weekly.
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Alibaba Group Holding Limited (NYSE: BABA) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In 2012, two of Alibaba’s portals handled 1.1 trillion yuan ($170 billion) in sales.[3] The company primarily operates in the People’s Republic of China (PRC), and at closing time, on the date of its historic initial public offering (IPO), 19 September 2014, Alibaba’s market value was measured as US$231 billion.
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#‎Join‬ now and tell your ‪#‎friends‬ about this ‪#‎training‬ program. For further details click on this link http://www.growthavenues.com/training/certification-course-in-options-trading.html or call us at 9324670120
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#Join now and tell your #friends about this #training program. For further details click on this link http://www.growthavenues.com/mailer/wd-gann/ or call us at 9324670120
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#Join now and tell your #friends about this #training program. For further details click on this link http://www.growthavenues.com/mailer/day-trading/new/ or call us at 9324670120
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Our calls are well researched. Subscribe now for our Advisory services. For further details call us at +91 22 61819133/44 or visit www.growthavenues.com
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