This is a little early of an entry, but the BABA chart looks similar to ANF which is a little farther along (the neckline has already been broken).
There is a good possibility that BABA will bounce down from the neckline, but it shouldn't go lower than the Right Shoulder. A more conservative entry would wait for the neckline to break before entering long.
There is a good possibility that BABA will bounce down from the neckline, but it shouldn't go lower than the Right Shoulder. A more conservative entry would wait for the neckline to break before entering long.
