TomProTrader

BABA: WEAK ACTION AT TOP OF THE RANGE-NEED TO SEE MEAN-#ALIBABA

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
5
Traders,

Update on my previous idea on BABA. We are having a fantastic move and we are very much in the money.

Seeing weakness in BABA here. We are sitting strongly at a obvious demand and resistance level, expecting a minor down move to the 50 break, retest and down continuation. This move could be the start of something larger, we will soon see.

--If anyone is interested in joining my professional signals group ran by me, message me here on Trading view or email me with the email address on my Trading view page--

Thank you
Tom
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