PaperBozz

$BABA - Can it keep going?

Long
BATS:BABA   Alibaba Group Holdings Ltd.
BABA Alibaba is trading above 200DMA and broke out of the year long descending wedge with the measured move of $104.

It is about to hit the next volume resistance area around $83 area. With RSI entering overbought territory does it still have a momentum to keep going?

That depends on May 14 ER.

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