PAZINI19

BABA: Two situations: Trading Range

NYSE:BABA   알리바바 그룹 홀딩즈 Ltd.
On BABA we are in a trading range situation. Initially, if the resistance line is broken forcefully by a large green candle we would have a high probability of seeing the market go higher. Secondly, if it is the support line which is broken forcefully by a large red candle it goes without saying that we would have a high probability of seeing the market go down.
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