BoonHooi

BABA - Bullish Crab pattern completing lower

Long
BoonHooi Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
At this moment, the charts seems to be showing us that it is at a Support turned resistance zone.
I see price potentially dropping further to complete the Crab pattern at around the $138 levels.

Let's see where this goes.
Trade active:
Actually I took a small trade as the price when down. Having a target of $138 for my short before I go long based on this chart
Trade active:
Here was where I shorted (at a resistance)

Trade closed: target reached:
Closed off my shorts !! Really nice move without much of a heart attack. Ladies and gentlemen..... I believe the stock market will be recovering for the coming next few days.
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