$BABA TOP 20
Added 2024-12-15 11:59:26 +0000 UTCWe wanted a better reaction this week to the Economic Conference but the market did not immediately show a bullish response
Retail may take their eyes off this but I don't believe Institutions will, the fact remains, China has started an aggressive QE program which will flood the economy and stimulate growth.
I am happy to see $87 hold to end the week but it must hold now going forward and the HSI must continue its move to the upside.
If $87 is not held then another test of the 200 Day MA is likely at $83 then and back into the Buy Zone.
