BABA
First timer here, sorry for the poorly looking chart, but I think we can see some positive movement over the next month. Possibly to the $85-$90 range.
We look currently in the process of forming the top of the right shoulder in an Inverse Head and Shoulders on the way back to the neckline $85-90 range.
We also look to be in the bottom of a forming handle to a Cup and Handle on the 4HR.
Bullish RSI at 52 showing we're still in a positive trend
MACD still in bullish favor BUT does look like it's weakening
Still above the 20MA by about $5
Any advice, opinions are gladly accepted.
Took profits and out of this play.
Let me know if you notice anything on BABA that looks like potential