BATS:CTRP   CTRIP.COM INTERNATIONAL LTD SPON ADS EACH REP 0.125 ORD SHS
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Possible breakout setup
what about breakdown setup? you're presuming that it's forming an ascending triangle or pennant. what about a double top? Low risk short here, stop @ $61, targeting gap @ $42 on the downside.
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if we take out 54 on the downside then yes I would agree with you, breakdown setup and short it
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