$BABA TOP 20
Added 2024-11-30 13:36:19 +0000 UTCI have been slightly banging the drum on this lately because of the set up and in my last two updates I set out clearly why I believe this is looking good to reverse.
The variable here is that it is also influenced by the HSI but that chart too is looking like a bounce is coming next.
Price finished exactly at the 0.618 Fib at $87 to finish the week and this is an important level to recapture
We will then have a higher high and higher low, followed by a solid bounce on the 200 Day MA and holding above a higher and strong Fib support level of $87.
I will add holding above $87.
Comments
We are waiting for your take off cap! ✈️
Jake Rondie
2024-11-30 18:57:41 +0000 UTC
