BBTrader29

BABA Breakout 6 TAPS

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
BABA has now tested resistance at the $179-180 price level 6 times. This is causing more momentum to go into a potential breakout with a weakening 180 level. The moving averages are curling right up under the price at the 180 level creating good support. This breakout has the potential to run up to $189 for a potential %5 breakout.
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