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.
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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i'm still waiting for this rocket to take off
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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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