PaperBozz

$BABA - its' a tough one to breakout of

Long
BATS:BABA   Alibaba Group Holdings Ltd.
BABA Of course, it won't be easy to break out of that channel. The 50DMA and the trendline are tough resistance.

You can see that the 50DMA is tracking along the channel's upper trendline, making any breakout attempt a challenge.

My targets previous post remain unchanged.

Disclaimer

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.