BABA is heading towards the support line of a Head and Shoulders and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
BABA is approaching a support line of a Head and Shoulders. It has touched this line numerous times in the last 3 days.
