Long

BABA Looking Bullish???

Updated

First timer here, sorry for the poorly looking chart, but I think we can see some positive movement over the next month. Possibly to the $85-$90 range.

We look currently in the process of forming the top of the right shoulder in an Inverse Head and Shoulders on the way back to the neckline $85-90 range.

We also look to be in the bottom of a forming handle to a Cup and Handle on the 4HR.

Bullish RSI at 52 showing we're still in a positive trend

MACD still in bullish favor BUT does look like it's weakening

Still above the 20MA by about $5

Any advice, opinions are gladly accepted.

Note

343.3% return on BABA 2 80c 12/2 avg. $194.9, this turned out quite beautiful :)

Took profits and out of this play.

Let me know if you notice anything on BABA that looks like potential

DontayeR

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