$BABA TOP 20
Added 2024-05-08 12:04:15 +0000 UTCSo we have $NIO back at is support line and now we have $BABA exactly at its red support line too at $77.70, exactly on this price.
Happy to see this, indicating to us that the market is also aware of the significance of this line as a support/resistance line.
I am not overly concerned if it loses this line in this pull back but once it holds support on the white fibs levels and then bounces and recaptures the red line, then we have our pull back complete and also a signal to add.
Not surprised to see $BABA not convert the 200 Day MA either, a bounce from $68 to $82 was quite strong, a pull back is always the right choice.
