$BABA Primed for a Retest and Bounce! 80% Upside Potential!

823
🚀 BABA Primed for a Retest and Bounce! 80% Upside Potential! 🚀

🔍 Key Points:

Looking for a bounce after retesting the symmetrical triangle breakout

Awaiting the H5 Indicator to flip green for a bullish signal

Crucial to hold the volume profile shelf for continued upward momentum

Target Prices:

🎯 $107

🎯 $134

MM 🎯 $157
Note
BABA

Has cracked right through the retest area down to the 100 moving average. If we don't see a bounce here then look to the 25 MA for a potential bounce. Things will need to bounce and flip all indicators for this to become a trade I'm interested in with my H5 strategy. Its a BIG no go ATM. NFA. Check it out below.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.