The Long Investor

$BABA TOP 20

Added 2024-01-21 15:56:17 +0000 UTC

Healthy finish to the week for $BABA but it still remains at the hands of the Hang Sang Index and unless that can show signs of reversing, $BABA is still in a delicate position.

That being said $BABA is generating a lot of attention online now, strong debates for and against for $BABA.

I am seeing a lot of people talk about the weekly candle that $BABA finished this week with, it is a bullish indication and I have highlighted the same candle from November 2022 too.

We need to see more than a candle to be convinced that the next move is going to be bullish....but we got very close to the 0.887 Fib this week and the fundamentals right now are showing extremely undervalued at these levels.

We want to see $BABA regain the $70 level again, a confirmed hold at this level and I will add to my position.