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ContraryTrader

Baba Flirting with Inverted H&S

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
ContraryTrader  
NYSE:BABA   Alibaba Group Holdings Ltd.
Head and Shoulders Support and Resistance Parallel Channel
4
1
headandshoulders supportandresistance parallelchannel
Yellow line (270) is resistance dating back to Nov
entry at 274
stop loss 270
1 target 287 fib (near term)
2nd target 309 fib ..

Gonna need some great company news to get through 270 and fulfill pattern. alert set on 272
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