$BABA TOP 20
Added 2024-02-11 18:04:52 +0000 UTCWe are back where we started at the start of this week, having gone through some turmoil with a slight miss on the EPS, $BABA did try to save this with an increased amount to buy back shares at $25 Billion.
Analysts updated with an average PT at $105, which is still 30% higher from where it is now.
We can observe now that an inverse head and shoulders has formed and this happened on the $DIS chart too around its bottom and this worked out very well......$BABA is still heavily influenced by the HSI so lets see if the celebrations of Chinese NY has warmed the market when it opens later today.
I do like how the price action held the 0.618 Fib this week.
Comments
HSI is closed though.
Thomas
2024-02-11 18:23:10 +0000 UTC
