BABA has broken through a resistance line of a Channel Down and suggests a possible movement to 120.8618 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 47 days.
A possible move by BABA towards 120.8618
