Liathetrader

BABA respecting the diagonal trendline

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
So far BABA is respecting the diagonal trendline and we've expected this retest. The short and midterm MA's are still in uptrend. BABA is approaching 200 MA, which will be crucial to break and continue higher. We'll most likely retest around there again. Fingers crossed. LT investors deserve some relief in this stock.

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