BABA: Short a retest of resistance
Stops should go over 80 to be safe, and we can target 69.28 approximately.
Many negative stories have come out in the last few days, and the stock is considerably overbought, and due for a correction, all the more reasons to short it.
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Track record: http://pastebin.com/6CyyqnPT
Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.