$BABA downtrend breakout and retest setup
BABA broke out of it's downtrend channel and retesting the breakout point around 208. This presents a good risk/reward setup opportunity for continuation to the upside. BABA August 20 calls are actionable. Idea: BABA 08/20 call spreads 225/230
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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.