Amazingpowerpatternguy

BABA- Completed Cup Or Resistance, Which Is It.

NYSE:BABA   ALIBABA GROUP HLDG LTD
86 0 1
10-25 So, completed cup? Or a tag of resistance.
Which is it? How about both. Remember a breakout
of a cup and handle is a breakout of resistance
until it breaks out, its resistance. Given the near
vertical upside assault in the indexes last week,
that created a short term overbought condition
at the least, one is probably better served to look where support
zones are for a lower risk entry on a market pullback.
For that we look to the blue lines as they are support zones.

For educational and informational purposes only.
These are not recommendations, trade at YOUR own risk
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