$BABA broke above the 200 Day MA and is now so far holding above this level at $75.70
Like we said yesterday, the 50 Day MA is coming up to meet the 200 Day MA and they are getting very close here, this usually results in a strong move and the indication here is bullish.
As long as the price action can hold above $75.70, we should see the trend to the upside continue.
Chris H
2023-12-26 16:35:36 +0000 UTC