$BABA TOP 20
Added 2023-12-14 17:04:36 +0000 UTCSo far $BABA is showing a double bottom on the $70 level and has since regained the 0.78 Fib level at $71, broken above the 50 Day MA on the 1hr chart and back into the wedge now too....what we want to see is a hold within this wedge now.
$72.60 is the wedge trend line, so although I am bullish on $Baba, we want to see this hold one of these important levels as support.
If the price can hold above $72.60 again, I will consider adding to my position again.
So far, we have got a very welcomed bounce.
