BABA bullish gartley pattern

NYSE:BABA   阿里巴巴集团控股公司
BABA has a bullish gartley pattern here while its peer JD .com is having some troubles recently.
As it's actually not really a systematic risk on the sector but some personal affairs, it may create some buy-low opportunity for BABA.

Based on the pre-market movement, BABA currently is at the 167.00 fig spot.
Of course I have no intention to catch the falling knife, so I'll be waiting for intraday reversal sign off the open.
Even if this bullish pattern failed, 160-163 gap of BABA is still very attractive to take some long,
which will be another spot that I am interesting in potential reversal signs.

Let's see how it goes!

it didn't give any reversal sign and broke down the pattern,
the pattern trade cancelled;

While it hit the 160-163 gap and bounced a little bit, that makes me still interesting in looking for long trades today.

inside day here, see you next week yo!

broke to the downside! this trade cancelled!


Sadly, emerging markets is killing the stock and the technology sector is starting to take a hit. Bear market ahead for Alibaba.
Thank you. Dong ge mei le kan ma yun
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