$BABA Alibaba building this potentially bullish Inverse H&S..

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Alibaba has been basing in the form of a bottoming reverse head & Shoulders formation. if this plays out as per the textbook we have a target in the region of $216. Keep a close eye and watch for a close above the neckline to confirm the pattern.

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ملاحظة

Win some we lose some.. this was pre-empted and didn't work this time. Had to stop out on that gap lower before right shoulder