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LivermoreGrahamDisciple
Mar 29, 2021 11:05 PM

BABA Head and Shoulders- Watch for break in support 

Alibaba Group Holding LimitedNYSE

Description

A head and shoulders pattern has formed on Alibaba and the neckline is perfectly aligned with the firmly established support line that has been tested numerous times since October 2018. The head and shoulders pattern on BABA has been forming since September 2019 and if the neckline/support is broken I think we could see a very significant drop from here.
Comments
dkovac
The Hunchback of Notre Dame ?
grumpsy
That's the most messed up HNS i've ever seen my friend
LivermoreGrahamDisciple
@grumpsy 😂lmao call it what you’d like but regardless if that trend line breaks we will very likely see BABA take a significant dip
LivermoreGrahamDisciple
@grumpsy how bout now?
naorz
No
cashmerehunter
could the opposite happen?
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