$BABA TOP 20
Added 2024-11-28 15:15:04 +0000 UTCThere are indications that the bottom may be in now:
RSI bounced from below 30 and moving upwards
MACD is showing that sellers have dried up and indicating that a reversal is starting
Price held exactly on the 200 Day MA
HSI is showing the early stages of a hold on the 0.618 Fib
Price also held in between the 0.618 Fib - 0.78 Fib
Price has pulled back in 3 waves, which is part of a larger impulse wave.
Price has now tested the blue line and 0.618 Fib this week at $87
So what we want to see over the next few sessions is the bulls flipping the $87 level to support and I will add again.
Comments
Bull Bear Power went from -12 to -2 in last couple of days. If that's not the signal then I don't know what would be. Also price has just conveniently reached bottom Acceleration Band. All is missing is for an Exodia to unleash is Chinese Government gaping PM with its Dark Pool multi billion investment and retail will pump our bags. Patience troops.
Savage Capital
2024-11-28 15:27:02 +0000 UTC
