mazdaki
Long

BABA -Potential double bottom breakout next week

NYSE:BABA   ALIBABA GROUP HLDG LTD
149 1 2
Good support twice at the bottom trendline . Continually breaking upper trend lines and consolidating for a long term bottom support. Wedge narrowing and breakout imminent with confirmation of double bottom . Adding to long position on down days.
clearly out of the downtrend trend on a very bad day. This is very bullish and stock will be heading much higher in the direction $of the arrow towards 100/share.
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