$BABA TOP 20
Added 2024-05-26 16:24:28 +0000 UTC$BABA is a chart we uploaded regularly during the week so I believe we are all up to date here but it is worth reminding that $BABA is at the top of my buy list right now, as the price action pulls back to a very strong confluence level of 0.5 Fib and the 200 Day MA at $79.
The 50 Day MA is also moving up to this confluence level too.
A hold here, like we are seeing on the $ABNB chart and I will add again.
So I will add when support is found and if the 200 Day MA is not held, I would be watching for the 50 Day MA to hold.....a lot will depend on the HSI which is in a strict impulse wave now, which bodes well for $BABA.
Comments
I am already heavy on Baba but I am ready to overweight with one more entry. Holding support, ready to add. Unless other considerations come out changing priorities / perspectives (Taiwan?)
Federico Salerno
2024-05-26 17:25:06 +0000 UTC
