Alibaba ($BABA): Positive Break
Alibaba ($BABA) looking up...a trade idea for the US market

After 3 years of consolidation price has popped above $117.
The consolidation showed something resembling an inverse head and shoulders pattern - the projection of which targets $166.
Naturally a higher risk opportunity as the Chinese regulation and government decisions could quickly impact this stock.
One can look to set a tight stop loss $107.50
Try enter around $125.

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