Alibaba making an interesting W-formation.
Waiting for a break above the double top, or a retracement to the 20sma to go long.
OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67.
Keeping on a watchlist.
Today was Singles Day for cyber-shoppers in Asia. The annual event by Chinese e-commerce giant Alibaba (BABA) set another record, up 27 percent from 2018.
Earnings have beaten estimates for the last three quarters. BABA's also a key stock to watch if trade relations between the U.S. and China continue to show signs of improvement.
Still, it's been trapped in a...