$BABA TOP 20
Added 2023-09-08 10:22:56 +0000 UTCBroad market sell off yesterday and most Chinese companies were affected heavily too.
Back down to the wedge trend line again and held, this was also above the blue line support level too.
This blue line is the bear case trigger, so we want the price to stay above this level.
Otherwise no changes to the structure and a positive end to the week would be appreciated today.
If China continue their form of releasing information on Sunday regarding supporting their economy, this could work in $BABA's favour for next week.
Comments
I'm probably reading wrong, but I'm just trying to understand a good point to build a position
Damien O'Sullivan
2023-09-08 11:10:12 +0000 UTCWhats meant by the "bear case trigger"? If I'm reading correctly, the paragraph says we want to stay above that blue line, but then we stay outside of the buy zone, so I'm just wondering what the best thing would be to do here
Damien O'Sullivan
2023-09-08 11:09:39 +0000 UTC
