Lose to Know how to Win
BABA has seen an epic breakout above $90 over the past week. $98 is near term resistance, with support around $95 below, judging from the daily and 30 minute charts.
In our previous blog post published on 10/19/14, we noted, "For BABA bulls to sustain their recent momentum, a close above $90 resistance will be desirable." Two days later, the breakout signal was confirmed for BABA on the 10/21 close at $90.90. See here: http://www.syncubate.com/blog/2014/10/19/baba-wall-streets-black-sheep