$BABA hasn't moved much this week and that is probably not a bad thing....working well in the PM right now as the market is showing early signs of shifting positively.
I know a few members have been adding here during the week on this pull back and I get the strategy, as it has held the 0.78 Fib at $83.25 and this is a common Fib support level at the moment.
What we want to see next is this getting above the blue line at $88 and getting above the 50 and 200 Day MA at $93.
$BABA needs to get above these important support levels.
Jon
2023-09-29 14:54:32 +0000 UTC