Alibaba has broken out strongly on the weekly chart, with the next resistance levels at $140 and $160.
However, we are watching for a potential retracement in the coming week for a better entry point. Alternatively, waiting until after the earnings report may be a safer approach.
However, we are watching for a potential retracement in the coming week for a better entry point. Alternatively, waiting until after the earnings report may be a safer approach.
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