$BABA falling wedge breakout on volume
Last Friday, we saw 
BABA breakout of its falling wedge that has been forming since last October. BABA has been rejected five times from the down trending resistance, but we finally saw a breakthrough of that resistance with volume. The RSI is a little high, so I would watch the 224-225 area for a good entry. I think BABA could go on a run heading into earnings.
BABA breakout of its falling wedge that has been forming since last October. BABA has been rejected five times from the down trending resistance, but we finally saw a breakthrough of that resistance with volume. The RSI is a little high, so I would watch the 224-225 area for a good entry. I think BABA could go on a run heading into earnings. 
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