emanco
Long

Major breakout coming on Alibaba

NYSE:BABA   ALIBABA GROUP HLDG LTD
110 0 2
I'm bullish on this one. Spotted inverted H&S on the weekly chart, with bullish pennant that projects the target beyond the 100 level. A good entry is around 80ish with a stop loss on 78. The Risk reward ratio is 5.4 for the 92 target or even more if it keeps up.
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