BABA's first attempts to break out of resistance !!!

101 Technical analysis trend line + channels.
1/ 2ed attempts for a historical low bullish break out, the first got rejected
2/ 1st attempts for a previous/recent high for a bullish break out = In progress.

Bình luận:

14 Days till earning report, we could see some price action along the way.

Bình luận:

We could/might break out up if we have a good earning. The only thing is holding
price here is "Earning".

Bình luận:

Retesting is normal, re entering the channel is not .

Bình luận:

Going back under the channel's line is not good for BABA.

Bình luận:

First attempts failed, now trying our 2ed one for a break out or rejection !

Bình luận:

2ed attempts failed as well !!! Well, the say the 3ed is the most important one !

Bình luận:

No 3ed straight down !