BABA Head and Shoulders- Watch for break in support

NYSE:BABA アリババ・グループ・ホールディングス

supportandresistance chartpattern headandshoulders baba head_and_shoulder neckline necklinebreak downside

A head and shoulders pattern has formed on Alibaba and the neckline is perfectly aligned with the firmly established support line that has been tested numerous times since October 2018. The head and shoulders pattern on BABA has been forming since September 2019 and if the neckline/support is broken I think we could see a very significant drop from here.

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