BABA is moving towards a line of 86.8950 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BABA continues in its current trajectory, we may see it move towards 86.8950 within the next 2 days.
If BABA touches 86.8950 it may be time to take action.
