A few possibilities here, depending on which way it breaks out of this potential pennant . The stalling at the top of the smaller pennant tells me that maybe it hasn't tested it's real bottom yet, which would fit well with the pink Gartley. This area has been congested for BABA all year, so I believe a break, either way, could move fast; especially with Earnings in February. I'd say I'm Neutral to Bullish as I believe it holds above $75 going into Q1 2016, market willing. No real buy signals yet...but multiple alerts set
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.