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bigfry

Buy BABA Because It's in the 165-175 Support Zone.

Long
Alibaba Group Holdings Ltd. (NYSE:BABA)  
bigfry Updated   
NYSE:BABA   Alibaba Group Holdings Ltd.
Chart Patterns BABA support bounceup
7
2
chartpattern baba support bounceup
As you can see in the chart, BABA has seen aggressive buying whenever it reaches the 165-175 support zone.

Trade Idea: Place a stop just below 165, and a profit exit near the 190-195 zone.

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Comment:
Price action looking good, we could see a bounce to close this week off.
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