$BABA - COTW
Added 2023-07-10 09:41:36 +0000 UTCA lot of eyes on $BABA so this is the chart of the week. +8% gain on Friday and more importantly a break above the blue line, I am looking to add here again and a retest of the blue line would be the ideal position here to add.
We can see that the 0.38 Fib is exactly on the blue line here at $88.15 so if the price can come down to test this level, hold and bounce, this is a buy signal for us to add.
We are very early here and a lot of us have our averages below the blue line already so we are in a good position.
Going above the previous high at $94.30 and the bulls are in full control.
