Call - BABA

458
Daily Chart Pattern : Falling Wedge

30 Min Chart Pattern : Head and shoulders. Forming right shoulder.

Enter call if it breaks neckline at $114.60 & monitor for a re-test
Stop loss if fails to re-test at ~$114

PT1: 117.84

Potential to retest ~$123.3. Will update after breaking PT1
Trade closed: stop reached
Head and shoulder is not active.
Note
however, H & S is not active doesn't mean BABA will not break out any time soon. Better price at lower level with more profit

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.