$BABA TOP 20
Added 2023-10-01 19:31:24 +0000 UTCAs long as $BABA is even slightly under the blue line and the wedge, there is always a possibility that this can move lower so we will tread carefully here....we would like to see this move up with the US Mega Caps but unfortunately for the two reasons said above, it is still looking slightly weaker.
The MACD is showing that sellers have been exhausted here and there is little momentum to bring this any lower and we could see a reversal here.
This is $BABA, it demands patience and that is what we have plenty of.
Our target is still to try and recapture the blue line at $88.20
