Long on ALibaba..... Possible Swing Trade (might reach 230)
Price has been in an uptrend
Price has retraced and respected the 38.2 fib creating a double bottom and possibly completing the right shoudler of a H&S Pattern
price has also found support/respected the lower trend line........
Price also found support at the 20 MA average (NOT SHOWN ON HERE)
This stock is overall bullish, but some negative light has been shed around one of the executives, but I don't think it will have a huge negative affect on the "value" of stock price.
Could be a possible swing trade.... Earnigs are scheduled for MAY 13
Price has retraced and respected the 38.2 fib creating a double bottom and possibly completing the right shoudler of a H&S Pattern
price has also found support/respected the lower trend line........
Price also found support at the 20 MA average (NOT SHOWN ON HERE)
This stock is overall bullish, but some negative light has been shed around one of the executives, but I don't think it will have a huge negative affect on the "value" of stock price.
Could be a possible swing trade.... Earnigs are scheduled for MAY 13
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