This idea is based on Wyckoff's accumulation schematic. Based on the recent price action, BABA has shown sign of strength when it jumped out of the creek and retested its upper limit 2 times now.
Based on the accumulation count, BABA should move pretty fast to 430-450 once it breaks out of the upper range limit of the accumulation range.
All info is on the chart.
Good luck
Based on the accumulation count, BABA should move pretty fast to 430-450 once it breaks out of the upper range limit of the accumulation range.
All info is on the chart.
Good luck
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