$BABA TOP 20
Added 2024-03-03 18:44:52 +0000 UTCRetest of the 50 Day MA this week with success and has been moving with ease now.
There was a rejection at the neckline at $77, so we know that this is the resistance level to break through now to give us reversal signs.
A breakout here and we have a good route back to the 200 Day MA at $82 and then the gap fill above to $87.
However, getting above the 200 Day MA at $82 would signal a reversal for me.
Comments
Thanks Dipen!
swan786
2024-03-04 16:39:08 +0000 UTCReversal... against or opposite to the general trend. Which is down right now... so a reversal is... up... 🚀 if it finds support on the 200 MA.
Dipen Patel
2024-03-04 16:10:57 +0000 UTCWhen you say 82 would signal a reversal, I'm unclear as to which way the reversal would be. 82 is up from here, and a reversal is down.....right? But that doesn't seem right.
swan786
2024-03-04 01:53:56 +0000 UTC
