Inverse H&S, big potential incoming from Alibaba
Great rebound from the lows. However, I think the climbing will stop for a while. According to the Fib retracement, I am aiming for $255.34; according to the chart pattern - an inverse h&s - I am expecting the price to stop around $252-$250 area. If those levels hold firmly, I think it's safe to predict that a bright future is awaiting for BABA. TP $310.
