This Signals A Big Sell Alert On Alibaba $BABA…

Shares of Alibaba Group Holding Ltd (NYSE:BABA) are running into a major double top high pivot from November 2014. The price point of the double top is $120.00. Based on chart technical analysis, Alibaba Group Holding should pull back in the coming weeks after touching this point. The downside target is $108.00, meaning there is a $12 reward for investors willing to short the ecommerce company. Earnings are set to be reported on the morning of May18th. Note the chart below…

 

 

Gareth Soloway

InTheMoneyStocks

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