NYSE:BABA   Alibaba Group Holdings Ltd.
Chinese company. Idea come from another trader: forker (link below). Good example of a positive reversal followed by a bullish divergence on the daily RSI before the recent rise in price. We now have a bearish diverg on the 2 hour with gap below at the .618 level. Would not be surprised to see a return to close the gap. If so I will enter long with a longer term target of around 112-114 based on the W pattern and the projection from the positive divergence. Personally I would use a close below the uptrend line as my stop. Process through your own way of trading.
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