RAD2003_DRV

Top Head & Shouders on BABA

Short
RAD2003_DRV Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Price makes a top Head & Shoulders pattern reaching all time high (ATH) with a slight pullback, not reaching last high in the rigth shouder, continuing to drop afterwards.
Comment:
The target should be set at the height of the head, downwards (around $200-$220).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.