Pattern of Alibaba
Updated
Alibaba broke out the resistance at 171.00, it's supported by it now. It's forming the pattern and confirming the rebound from 130.If it stands stably at 171, further rise should be seen to 78.5% retracement of 130 to 212 at 194.5 next. The target is 212, the highest price in history.
Comment
It's an opportunity to buy.Disclaimer
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