$BABA TOP 20
Added 2023-09-12 14:29:10 +0000 UTCWe said on Sunday night that $BABA needed to hold the wedge trend line and blue line to keep the structure and so far the bulls have been defending and likely next we will continue to see the price make its way through the wedge again....and it is getting tighter and tighter.
This needs a positive catalyst and it appears the market is waiting for one as well as the price moves along.
We want to see the price hold above $92.65 next, which is above the 50 and 200 Day MA again and then attempt to break out of the wedge to the upside.
If we can get a wedge breakout at $99, it is important to see a retest of the wedge for support to confirm the price can hold above.
