$BABA TOP 20
Added 2024-01-03 17:40:03 +0000 UTC$BABA recovering today after a weak day yesterday to start the year, like a lot of the US market.
Today we can see that the price action tested the 0.5 Fib at $74 very quickly and bounced and has been mainly using the 200 Day MA on the 1hr chart as support.
Nice price action when observed in a pull back.
The price can still move down to the 0.618 Fib if this bounce gets rejected at the 50 Day MA just slightly above, as pull backs move in 3 waves.
Holding the 0.618 Fib is important here.
No concerns here for $BABA while it is moving as it should.
Comments
https://t.co/iy116cqvwS
Jeroen van Mierlo
2024-01-03 23:33:47 +0000 UTCI will have a glass of something really nice once this gap is filled 🥃
WiktorW
2024-01-03 18:44:50 +0000 UTC
