Observing strong resistance around $85.21 level, refusing to break prior highs (some would call a double top). However support from 200DMA at present, and with convergence with 50MA and lower Bollinger band in coming days this could provider even stronger support.
Overall, $BABA should break out upwards (above $86.42) or downwards (around $78.50) in the next week or so
Overall, $BABA should break out upwards (above $86.42) or downwards (around $78.50) in the next week or so
