$BABA TOP 20
Added 2024-04-26 10:06:45 +0000 UTCWe said yesterday that a lot of the Chinese ADRs and stocks were testing their respective breakout levels and that’s what we are seeing today, early breakouts in the PM.
$BABA is also above its wedge line and moving close to our red line at $77 which has been a resistance level since Dec ‘23.
Bulls need to break above this level and I feel that breaking above the 200 Day MA will be no issue just slightly above it.
I can add the impulse wave once I see this move.
$BABA only entered the buy zone for a short period of time and bounced immediately out of it without making a new low, these are good indications.
Comments
Let’s gooooo
Chris H
2024-04-27 02:12:58 +0000 UTCSame here despite the golden rule “wait for support to hold” (my risk)
Federico Salerno
2024-04-26 14:17:40 +0000 UTCThankfull I was able to add at the buy zone. Future is bright w baba.
Scott Glover
2024-04-26 10:47:29 +0000 UTC
