$BABA TOP 20
Added 2024-04-10 20:29:43 +0000 UTC$BABA the overall winner for today for us, up +2% after a number of analysts reiterated their PT's for $BABA at the start of the day....in the range of $101-$119, effectively a 50% jump from here thereabouts.
The price finished above the 50 Day MA too and is inching closer to the wedge trend line for a test.
A breakout here would be significant, as this wedge has been in place for sometime now.
What we also want to see is the red line flipped to support at $77, the price action has not been able to get above this level since November....while the US market continued higher to ATH's....so $BABA has been clearly not following the US market or the US Mega Caps....its green day today confirms this further.
$75.60 is the breakout level we want to see here.
