Buy AliBaba around $88-$89. Trendline Breakout
Break the trendline, Alibaba. The two resistance levels it will now encounter are 91.55 (recent high) and 93.27 (200 Days EMA - Daily Chart). Once it breaks, we will only be able to see 105.20.
Note
As the Dow is encountering resistance between 35500 and 37000, don't panic. Once it crosses this threshold, there will be significant movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.