$BABA - Good case - $260 Best case - $280

BABA broke down and touched the multi-year trend line and bounced.
It is also the base line of the bullish descending wedge.
Looks like it might breakout above $220.

Validation point - $220
Good case - $260
Best case - $280
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.