Alibaba (BABA) June 22, 2015 update

Failure to breakout above $95 resistance has been key to BABA shares. Closed last week on support offered by last month’s gap up. May find some buying interest at current levels next week. If sellers prevail, violating the $85 support will open the door to measured target @ $75 for a new all-time low. Bearish with a stop @ $90.

BABA – 6 months

baba

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