$BABA has lost its critical support level on the blue line at $71.
It is now moving down the wedge to the next support line on the 0.887 Fib at $65, which is also on the bottom trend line.
$BABA has now dropped into my buy zone and this is a buy zone I can not ignore.
Worst case scenario is that $BABA falls down to the previous low from 2022 at $58 but I am considering 4 more buys into $BABA from here shortly.
Scott Glover
2024-04-18 22:44:03 +0000 UTCGareth Neary
2024-04-17 16:47:05 +0000 UTCES B
2024-04-17 16:44:02 +0000 UTC