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Trader-VincentH

BABA : Broadening Formation + 3 Wave Bearish Divergence

Short
Alibaba Group Holdings Ltd. (NYSE:BABA)  
Trader-VincentH  
NYSE:BABA   Alibaba Group Holdings Ltd.
Chart Patterns
6
0
chartpattern
On daily chart of BABA, prcice moves within a broadening formation targeting to 170 and 164, together with the 3 wave bearish divergentce on MACD, hints further advance.

Watch the gap near 160 level.

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