2waytrading

100 crossover 200DMA is very encouraging but downside risk exist

NYSE:BABA   Alibaba Group Holdings Ltd.
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100DMA is about to cross over 200DMA is the 1st positive sign we have seen for a while and close above $73.50 was plus too. Now price needs to prove $75.30 and $76.21 levels once these levels are cleared there is a strong chance that price will crash $85 and head to $100 level.
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