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

633
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.
ノート
14 Days till earning report, we could see some price action along the way.
ノート
We could/might break out up if we have a good earning. The only thing is holding
price here is "Earning".
ノート
Retesting is normal, re entering the channel is not .
ノート
Going back under the channel's line is not good for BABA.
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First attempts failed, now trying our 2ed one for a break out or rejection !
ノート
2ed attempts failed as well !!! Well, the say the 3ed is the most important one !
ノート
No 3ed straight down !

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