BABA has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 12 days and suggests a possible target level to be around 113.0196 within the next 6 hours.
After testing support twice in the past, BABA has finally broken through. Can we expect a bearish trend to follow?
