$BABA TOP 20
Added 2024-09-08 10:48:04 +0000 UTC$BABA did not get involved in this weeks US market carnage, it continued to move sideways in this wedge weathering the storm, which we spoke about in last weekends update.
No changes to the chart and we can see that China continue to address measures to help foreign direct investment return to China
I would like to see more aggressive action from the policy makers, the US would take a stronger stance in this scenario but they are under more scrutiny from the market, nobody can tell Chinese policy-makers what to do......both have their Pros and Cons.
As long as $BABA continues in this set up and formation, no need for us to do anything with our position.
