Owner of GrokTrade: Long BABA

NYSE:BABA   Alibaba Group Holdings Ltd
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens.

See Falling Wedge chart description here: http://www.freeonlinetradingeducation.com/falling-wedge.html

Nice perspective! I was looking at Heiken Ashi chart over 2 weeks now, and took a short on the descending triangle.
It looks like its time to take profit, at least on the 5% gain and go long.
d-seven LastBattle
Hi Last. Thanks for the comment. Still fairly new here. Nice trade on BABA. I might be a bit early to the party.
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