mazdaki
Long

BABA - BULLISH BAT PATTERN - Target $134.5 by May 2015

NYSE:BABA   ALIBABA GROUP HLDG LTD
99 3 0
AB=0.5XA, Potential Reversal Zone (PRZ) = 0.886 XA, 1.27AB= CD which calculates to todays             low. Bat Pattern complete. First Target 1.27XA which translates to $134.5 time frame of May is set by Fib time series.
BABA just closed under the reversal signal. May be tomorrow is the day that we finally confirm the reversal. Will be looking for the potential to add to position tomorrow.
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i'm still waiting for this rocket to take off
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I have always called the upturn to early on this stock. I think we will take off irrespect of the SEC letter Bullish BAT still in play.
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