Low risk entry in BABA. Higher lows indicate a potential breakout from flag pattern. Vertical histogram is the 334 hour moving average (51 day). It should not break and close below 105 if it is indeed about to breakout as early as next week. Needs to break and close above 107.50 to show a high probability set up.
What's most attractive about today is its divergence with the major indices (DOW/S&P 500)...
(I own and have been adding to this position since $102. I am a longer term trader and own BABA for its fundamentals - technicals give me a structure for risk.)
What's most attractive about today is its divergence with the major indices (DOW/S&P 500)...
(I own and have been adding to this position since $102. I am a longer term trader and own BABA for its fundamentals - technicals give me a structure for risk.)