Quant1212

$BABA forming H&S with a target of 158

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
Alibaba is in the process of forming a very nice Head and Shoulders. Break of the neckline at 166.50 would target 158, the confluence of measured move and channel as well as a few moving averages on different timeframes. Very symmetric H&S with volume on the left shoulder and blowoff candle and divergence on the head. Nice!

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