Long

$BABA | Descending Channel Breakout and Double Bottom

broke out of a descending channel after forming a double bottom. Watch for a break and close above $242.5 for confirmation.

First target @ $252 based on previous structure support

Second Target @ $260 to fill the gap

Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽

AidanMDang

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