tristan.rhodes

BABA: Potential Inverse Head and Shoulders

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
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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