$BABA TOP 20
Added 2023-12-28 16:09:22 +0000 UTCDuring the week we were watching the 50 Day MA moving up to meet the 200 Day MA on the 1hr chart, we said that a direction would not be taken when these MA's meet and said we were bullish.
This is what happened today at the opening, positive news from China was the catalyst, mixed with a bullish technical set up.
We do not have to see 10-15% days here with $BABA, we just want a steady climb and moving in the right direction, in an impulse wave....then we can take advantage of its movements.
Price is testing the previous support line now, flipping this line to support will further add to the bullish move and the gap fill above is the next target.
We do not have to do anything here folks, we just sit and let the price action work hard.
