BABA technicals (trendline breakout, potential inverse H&S) indicate a bullish opportunity.
Jump to any passage
Alibaba, Same thing with Alibaba. Look at this. Alibaba again, you had a trend line breakout. It retraced to the scene of the crime. got a bid. Now it's coming back in. You're going to have this ascending trend line eventually meeting the descending trend line basically around a hundred bucks or just below.
That to me looks extremely good for an opportunity. And I would just point this out is it's a little preliminary, but could this be an inverse head and shoulders forming? Now remember, inverse head and shoulders don't matter until you curl up and take out the neckline here, which connects this point to this point.
But it is just a heads up to keep an eye on this. If it does start moving back up, there could be a massive inverse head and shoulder pattern set up that would be very bullish going forward.
What this channel has said about $BABA
Verified Investing has only this one call on this stock.