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Yes, the chart is ugly. You probably do not want to trade it right now. You see, we like pretty charts. Parabolic charts. Trending charts. Breakout charts.
But still, every once in a while there is an ugly duckling that shows signs of turning into a swan. There are some subtle hints that BABA might have put the worst behind it and is ready to turn pretty.
These hints lie in the volume pattern. Okay that's it. I've said to much. You can figure out the rest . . .
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