BABA - MIDTERM BULLISH, TESTING RESISTANCE
1) Stochastic overbought at the moment, bulls are taking partial profit after hitting resistance level of 85.
2) Likely to retest resistance ahead of earnings call in 2 weeks.
3) A break above resistance of 85 will provide stronger bullish signal and overall sentiment for BABA
2) Likely to retest resistance ahead of earnings call in 2 weeks.
3) A break above resistance of 85 will provide stronger bullish signal and overall sentiment for BABA
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took contentment profit in 97+ zone.