BABA – Weekly Chart – a high wave candlestick on BABA for the week so far. This implies indecision. High wave sticks have long shadows and small bodies.

We are, however, over the all time high resistance (now support) from 2015.

A pullback and a base to buy from would be ideal at this point as BABA could do with a rest before advancing further.

BABA - Alibaba Weekly Stock Chart