Smells like Head And Shoulders
BABA Must break above 120 otherwise this smells like the dreaded H&S. It is losing momentum and it has the negative divergences that appear with a H&S pattern. Unless this does something outstanding and goes above 120 my sentiment is Bearish on this one.
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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.