PaperBozz

$BABA - looking interesting for bullish reversal

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
#Baba could be forming inverse head and shoulder after breaking out of descending wedge. If the pattern materialized, the breakout target could be $165.
Target 1 - $99
Target 2 - $125
Target 3 - $165
Risk - Fall to $58
——
Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.

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.