$BABA
Added 2023-07-07 13:37:17 +0000 UTCNo change to the chart here but an update as the opening and PM has been strong since the Ant Group were slapped with a $1 Billion fine which puts to bed any competition issues and a resolution has finally been settled, which has been over the head of $BABA for some time now.
This will likely signal that $BABA can proceed to break its company into 6 parts now and free up the value of the total sum of the company.
On the chart, we are watching the blue line at $88, which is exactly where the 200 Day MA is, we need this to flip to support and hold to confirm a reversal.
I am encouraged to see that the pull back held between the 0.618 and 0.78 Fib and has bounced, so what I want to see now is a hold above the blue line and this may be confirming the start of Wave 3 then.
Comments
Anyone adding baba here?
Stephanie
2023-07-07 15:56:04 +0000 UTCAwesome 🤩
Stephanie
2023-07-07 13:40:14 +0000 UTC
