$BABA TOP 20
Added 2024-07-10 14:46:32 +0000 UTC$BABA is getting overshadowed today but we can see that it has moved back up to its 200 Day MA now, slight test so far which is good to see, flipping this level will be a show of strength and a converting it will be a buy signal for us.
Subwave 3 target remains at the 1.618 Fib at $79, which would mean a break above the red trend line and the 50 DAy MA too, all important levels to get above.
Comments
I read a lot about converting and holding support. Could you elaborate on what this exactly means? On what timeframes do you believe a support e.g is holding/converted? Maybe you can point me to a previous post in this group. Thanks
Triple K
2024-07-10 18:25:15 +0000 UTC
