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Alibaba Group Holdings Ltd.
Long
Updated

Giga Cup and Handle Forming on Alibaba

770
This is exactly the type of price action you want to see on a run like we had on China the past few weeks. This is a healthy correction imo - we'll see a nice pull back retest. That handle will form and we will (hopefully) blast off BABA BABX
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Feels like this broke..? But also... is it coffee time? Reminds me of $ONON. Check the cup and handle that resolved on $ONON. It resolved after going slightly lower. Completely different name and different sector and world but... charts are charts. All charts act and react in the same way,
longs4days
Chart PatternsCup And HandleTrend Analysis

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Chart PatternsCup And HandleTrend Analysis
longs4days

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.