$BABA Can Go Up Watch Out For A Breakout

NYSE:BABA   Alibaba Group Holdings Ltd.
Traders and Investors, Alibaba (BABA) has completed the typical bubble stock M formation and is now trying to gather orders for a bullish momentum. This stage happens when most investors fall into Despair or hopelessness.

The earnings report is expected, and we have a wedge pattern. If the price breaks above the pattern and we get a confirmation, this can go the first target of M patter which is around 160 but with an intermediate target of approx. 132.

Please support this analysis by liking and sharing. πŸ‘πŸ™‚

1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

βœ… If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
βœ… Follow me for future ideas, trade set ups and the updates of this analysis
βœ… Don't hesitate to share your ideas, comments, opinions and questions.

Take care and trade well

The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.

πŸ”΅ Free Telegram Channel:

πŸ”΄ Training:

🟣 YouTube :

🟑 Twitter:

πŸ”΄ Reviews:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.