TomProTrader

BABA: Weak Action At Top Of The Range-Need To See Mean-#Alibaba

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
11
Traders,

Seeing weakness in BABA here. We are sitting strongly at a obvious demand and resistance level, expecting a minor down move to the 50 break, retest and down continuation. This move could be the start of something larger, we will soon see.

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