$BABA TOP 20
Added 2024-07-29 14:09:27 +0000 UTC$BABA starts the week off strong after it decided to increase the merchants fees:
Alibaba will start charging a 0.6% service fee on confirmed transactions for vendors on the Tmall and Taobao platforms, per Bloomberg.
Price action has now jumped above the red resistance line , the 50 Day MA and outside the wedge now.
In order to stay out of this wedge, we need $BABA to stay above the $78 level.
I have added the impulse wave to show possible levels, once the $78 level is held.
