$BABA Channel. Looks pretty bullish. It's testing 209.4

Have been trading this channel for a bit. I think every trade was a put from the middle or top of the channel. It's kind've falling in between the channel and that's where the highs are. Does this indicate that the channel will be moved or not be valid anymore soon? I think so. At least investopedia says that when stuff stops touching the bottom and top consistently to be weary.

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However I might add we might see some gap up or something like that. I don't think that this $ will go below or near 205.