siya_south

breakout on alibaba

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
the market was in an ascending channel since 2014 and has now broken out bullish not only with a weekly candle, but with the monthly candle as well...good news for investors and traders ...well personally , i'm against buying high prices and chasing the market so a pull back to turn the previous resistance as support would be ideal. I am expecting a rally to 332

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