$BABA TOP 20
Added 2024-01-23 14:55:31 +0000 UTC$BABA starting well for two reasons, the further stimulus measures and the report that Jack MA, the CEO has bought $50 million shares worth of $BABA over the last month.
Firmly recaptured the wedge now and the price has worked its way towards the 50 Day MA, this will be the first test over the next week, to flip this level to support, then we are watching the red trend support line at $76.70....this move would be the ideal scenario for bulls right now.
The one variable is that there has been a large gap left after at the opening today, so let's not be shocked if the gap fills to $69 before it can go higher.
Comments
Is it an add here or wait for gap fill?
Stephanie
2024-01-23 15:51:21 +0000 UTCThanks, Gar. Your plan is still to wait and see if $70 holds and then add?
Thomas
2024-01-23 14:59:01 +0000 UTC
