Ugly Chart of the day: BABA

Baba was the talk of the Street when it IPO'd last fall and quickly zoomed up from $80 to $120 in a matter of weeks. However, after forming a classic short formation back in November, it has given back all it's gains and now sits 5 points below where it opened.

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Yes, the chart is ugly. You probably do not want to trade it right now. You see, we like

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