$BABA Can Go Up Watch Out For A BreakoutTraders and Investors, Alibaba (BABA) has completed the typical bubble stock M formation and is now trying to gather orders for a bullish momentum. This stage happens when most investors fall into Despair or hopelessness.
The earnings report is expected, and we have a wedge pattern. If the price breaks above the pattern and we get a confirmation, this can go the first target of M patter which is around 160 but with an intermediate target of approx. 132.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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