Alibaba - Don't Forget Chinese Stocks Now!Alibaba ( NYSE:BABA ) still remains super interesting:
Click chart above to see the detailed analysis👆🏻
After we saw the very expected parabolic rally on Alibaba about four months ago, Alibaba is now perfectly retesting major previous structure. Yes, we could see a short term pullback in the near future but this just offers a perfect break and retest after the rounding bottom pattern.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)