Market moving news
Microsoft just approved a 40 billion dollar buyback. They are also raising the dividend by 11%.
Technical analysis
Reaching all highs on above daily average volume.
BABA is breaking an important resistance, tested 4 times since late July.
It Opened above resistance, and is growing with above daily average volume .
Great risk reward ratio entering position entering a position at $181, sell around $195.
There are mixed signals, with OBV not following the same uptrend as the RSI.
If we break this resistance with above average volume, that would be a great signal.
