Ali Baba [BABA] is ready to play out the 4th stair step pattern on the latter to make a new high on the weekly chart. As seen the pattern has already played out 3 times and is ready to take a step higher to make new highs. The RSI and Williams %R indicators are both showing a move up signalling the share price of BABA is ready for the 4th expansion of the pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.