$BABA TOP 20
Added 2025-01-17 16:11:56 +0000 UTCWe could be looking at $BABA shortly and thinking, it was a clear buy in the Buy Zone when the price held on the 0.618 Fib at $80.80.
Price is now back above the 200 Day MA so far and holding above this level to finish the week would be a positive sign.
For me, the reversal is confirmed once the price holds above the 50 Day MA and the 0.5 Fib at $87.
But we are in the Buy Zone now, so I believe the Risk v Reward favours the Reward side here.
