2waytrading
Long

Head and Shoulder's Bottom Not confirmed yet

NYSE:BABA   Alibaba Group Holdings Ltd
315 0 4
The head-and-shoulders pattern is one of the most used or popular and reliable chart patterns in technical analysis . And as one might imagine from the name, the pattern looks like a head with two shoulders. This bullish pattern is the best detected and looks more reliable than any pattern that we have seen. It has not been yet confirmed and market's weakness is holding for now and may even give you a good chance to enter if price holds above $80. Once price pushes above recent swing high or the high of the right shoulder, there is a possible move towards $115. If u want to get real-time alerts try http://www.2waytrading.com

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