BABA - MIDTERM BULLISH, TESTING RESISTANCE

26 Tem 2016

1) Stochastic overbought at the moment, bulls are taking partial profit after hitting resistance level of 85.
2) Likely to retest resistance ahead of earnings call in 2 weeks.
3) A break above resistance of 85 will provide stronger bullish signal and overall sentiment for BABA

3 Ağu 2016

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17 Ağu 2016

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took contentment profit in 97+ zone.