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dorfmanmaster

Alibaba testing heavy resistance

Short
Alibaba Group Holdings Ltd. (NYSE:BABA)  
dorfmanmaster  
NYSE:BABA   Alibaba Group Holdings Ltd.
Trend Analysis Chart Patterns Technical Indicators alibaba ecommerce internet china BABA amazon Support and Resistance pattern
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trendanalysis chartpattern indicator alibaba ecommerce internet china baba amazon supportandresistance pattern
As shown in the chart, we are testing a heavy resistance tested multiple times.

Technical indicators are showing mostly consolidation.

If I were thinking of getting into a position, I would wait. If I had Alibaba stock, I would strongly consider taking profits (selling 50% +)

Obviously breaking this resistance would be an important step towards a strong uptrend.
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