$BABA TOP 20
Added 2023-12-21 12:31:54 +0000 UTCThere is a bit of a theme here today?
Our stocks have been pulling back to the 50 Day MA on the 1hr chart and finding support.
$BABA dropped 2.7% yesterday and now up 2% in the PM, almost recovering all losses, while savvy investors decided to buy the dip in the PM.
$BABA bounced in 5 waves from $70, so I am not seeing a corrective wave here but signs of the start of an impulse wave.
We want $BABA above $76.30 next, above the 200 Day MA on the 1hr chart to help with its momentum.
I am not seeing any concerns here.
Comments
76.39 after hours. Quickly rejected though
Brian
2023-12-22 01:55:06 +0000 UTCthat sounded 90% wrong, but it is 100% safe to say.
Rene
2023-12-21 13:22:51 +0000 UTCincoming boner wick
Rene
2023-12-21 13:22:10 +0000 UTC
