BABA: Potential Inverse Head and Shoulders

NYSE:BABA   Alibaba Group Holdings Ltd
152 0 0
This is a little early of an entry, but the BABA chart looks similar to ANF             which is a little farther along (the neckline has already been broken).

There is a good possibility that BABA will bounce down from the neckline, but it shouldn't go lower than the Right Shoulder. A more conservative entry would wait for the neckline to break before entering long.

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