nyank1t

BABA: Bat pattern if plain sight.. take profit at $130.

Short
nyank1t Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
BABA Bat pattern in play. Take profile at leg C $130.
However, RSI already indicates oversold, so it may not reach TP target.
Trade active:

Falling trend continues and broke 0.3 fib retracement ($150 range).
If we entire $145 zone can slowly start to close short and add long position.
Comment:

Better graph.
Oversold now but I think after short rebound will continue down to $145.
Trade closed: target reached:
$147 reached.

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