BABA: Watch For Bullish Reaction Near $184 - $186

Price is actually in a very strong support zone. This is why I am watching for two potential bullish scenarios on $BABA. If the price will follow the red scenario then we may focus on the $205.50 target. If the price will move down up to my favorite zone between 184-186 then we need to focus on two targets for taking our profits:
Targets:
$193.60
$205.50

Thank you and Good Luck!

Comment:

The blue scenario is active. The price is down in premarket open

Trade closed: target reached:

Target 1 reached

Comment: