$BABA TOP 20
Added 2024-01-19 18:53:50 +0000 UTCInteresting pop today mid day after Baird added their PT for $BABA at $90 which indicates a price move back up to our blue line which has been an important resistance/support line.
$BABA lost the yellow support line this week but has now regained it during this pop but we will need to see if it can stay above $68.80 to end the day and week.
The 50 Day MA is still above too....staying below the yellow trend line and the price action can test $65, above it and we could drift back up to $70.....it is too early to say that a reversal is on the cards now....all we want to see is that the bleeding has stopped for now.
I am not considering adding to my position until I start to see strength first and support.
