Ali Baba is plotting bullish price action

BABA is worth monitoring, it formed a Cup and handle setup (not perfect) and is about to breakout and no signs of negative divergence with RSI, watch out for daily close above neck line at 300$ to target 334$
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!

Comment:

This trade had no stop, it is advisable to close any open position if the stock daily closed below 264.5$

Trade closed: stop reached