$BABA | Bullish Descending Channel Breakout: Potential Reversal Long

Alibaba Group Holding LimitedNYSE

Description

⋅ May 28, 2021 4:40 PM

BABA broke out of a descending channel. Watch for a breakout of horizontal structure as confirmation.

Targets $220, $225, $228

Extended Target $239

Comments

frodo75

⋅ May 30, 2021 7:45 AM

Like for your idea. Alternate proposal is continued weakness.

AidanMDang

⋅ May 30, 2021 9:40 AM

@frodo75, ya lets see how it develops. if we hold 200 then I think we can see a nice bounce