BABA looks to be reversing: Inverted H&S pattern, w Higher High.
BABA forming an inverse Head and Shoulders pattern
with a slightly higher high. If price closes above $173
on 1hr chart I may get in. Probably bounce around a bit near
the neck line. If neck line breaks, My target 1 would be just
under $200,
Target 2 would be about $225,
Stop Loss would be $152.
Thoughts???
with a slightly higher high. If price closes above $173
on 1hr chart I may get in. Probably bounce around a bit near
the neck line. If neck line breaks, My target 1 would be just
under $200,
Target 2 would be about $225,
Stop Loss would be $152.
Thoughts???