$BABA TOP 20
Added 2024-03-10 19:19:28 +0000 UTCBounced on the blue line this week, making this the 5th time since November to bounce on this level which means it is a demand level. The price action has also made a high low again now since its low at $66 in the middle of Jan.
We still need to see more here tho and getting out of the bear case and above $77 is important for the Bulls.
This is not going to move fast, the market still needs convincing that Chinese ADRs are worth the investment.....smart money has already started to add here since December.
