$BABA - potential breakout from down trend channel #BABA has been in down trend channel. It is currently breaking out of shorter timeframe descending wedge inside the long term downtrend channel. Price breaking above $73.50 is bullish.
Target 1 - $80
Target 2 - $87.50
Target 3 - $93
Stop loss - $68
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.