BABA had a nice clean break through a descending wedge.
Support zone indicates where price momentarily reached and recovered.
Yellow Weekly support line indicates a strong support on a weekly time frame.
Small upside is possible.
Support zone indicates where price momentarily reached and recovered.
Yellow Weekly support line indicates a strong support on a weekly time frame.
Small upside is possible.
Trade closed: target reached
I would take profits here and wait till Monday.
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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.