$BABA downtrend breakout and retest setup

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BABA broke out of it's downtrend channel and retesting the breakout point around 208. This presents a good risk/reward setup opportunity for continuation to the upside. BABA August 20 calls are actionable. Idea: BABA 08/20 call spreads 225/230
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Obviously invalidated
Support and ResistanceTrend LinesWedge

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