KlejdiCuni

BABA: Time to test $ 138?

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
The price in BABA is moving in a clear down trend by forming in this way a descending channel pattern.
After correcting for almost 4 days the price may do the next step again
Probability it's very high that we may see the price reaching $ 138.
In that zone we may see a strong support area that may change the direction of the price again if the volume will remain the same as it is now.

PS: Any breakout of the price above the channel would increase the chances a higher movement.

Thank you and Good Luck!
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