2waytrading
Long

Will Bulls Win Now at $76 level..Huge Overhead resistance?

NYSE:BABA   Alibaba Group Holdings Ltd
147 0 3
Price is up 19% from Sept low, and many are expecting pullback but if recent gains are any indication that the worst is behind us, bulls need to push price to the previous support which now is the overhead resistance. This resistance also is where 50% FIB from May high to all time low falls at. Before price pulls back expect some kind of higher volume with upthrust that may try to challenge this crucial level. Real time checkout http://www.2waytrading.com
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