BABA Possible head and shoulders!6 months of correction after +100% of Baba stock..
Well, there is a strong resistance at 119-129 which was the last top and nearest strong support 80.
Looking at a bigger frame we clearly see possible an inverted head and shoulders pattern on weekly frame or call it a cup and handle pattern!
It is better to have entry after the full pattern completed to be ensure.
On Elliott waves method, it is about to start the third wave.