$BABA TOP 20
Added 2023-09-04 12:32:11 +0000 UTCWe had a good week here. Above the blue line, above the 50 and 200 Day MA and stayed above the yellow trend line.
I can see a large wedge formed now from October and the price is keeping within the dimensions very well.
A break above this wedge at $100 and holding is what we want to see next, then getting above $102 for a new high would confirm the impulse wave.
A very informative chart was added to our group over the weekend on Telegram to show that the largest ETF in China, has experienced its highest inflow in over 20 years....this is not a surprise for us and the chart reflects this too, because in spite of a difficult August, the impulse wave kept its structure.
As always, we will watch this closely every day.
