$BABA TOP 20
Added 2024-06-08 23:44:49 +0000 UTCWe follow this closely most days so there is not a lot to add here but we know the price action is at an important level right now.
Holding:
Above the 200 Day MA
Above the 50 Day MA
Above the red support line
Above the 0.618 Fib
Making this a very important confluence level.
What we want to see this week is the HSI following through and moving higher, if we can see this, $BABA will almost certainly follow suit, I can't see a scenario where it would not right now.
So again, stick with the thesis, we have $BABA undervalued both fundamentally and technically.
