$BABA is looking good going into this week ahead, mainly due to how healthy the HSI has been looking over the last week and finishing above the 16600 level.
We need the continuation this week ahead now.
$BABA has also nearly recaptured all declines post earnings on the 7th of Feb.
The inverse head and shoulders pattern has become quite reliable here too and a break above the $77 line this week and we can expect the gap fill over the next few weeks then.
A break above the $77 line and a retest, in line with the HSI retesting its channel line, would be the ultimate buy signal for us once it hols.
So, holding above $77 and it is a buy, you do not need a buy alert, this is your alert.
Omnislash4k
2024-02-25 21:01:52 +0000 UTC