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BABA's first attempts to break out of resistance !!!

101 Technical analysis trend line + channels.
1/ 2ed attempts for a historical low bullish break out, the first got rejected
2/ 1st attempts for a previous/recent high for a bullish break out = In progress.

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14 Days till earning report, we could see some price action along the way.

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We could/might break out up if we have a good earning. The only thing is holding
price here is "Earning".

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Retesting is normal, re entering the channel is not .

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Going back under the channel's line is not good for BABA.

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First attempts failed, now trying our 2ed one for a break out or rejection !

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2ed attempts failed as well !!! Well, the say the 3ed is the most important one !

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No 3ed straight down !

samitrading

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samitrading

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