$BABA
Added 2023-06-22 20:05:18 +0000 UTCNice bounce today on the 200 Day MA on the 1hr chart which was just below the 0.5 Fib, so we can see that the price action came down to between the 0.5 Fib and the 0.618 Fib and bounced.
The RSI is showing a bounce from the bottom too and the MACD is starting to trend bullish too....this is on the 1hr, so this is positive signs but we need to see more of a trend.
I believe the market is still waiting for an announcement from the Chinese govt regarding a stimulus package, if it comes at any stage soon, this is in a great position to capitalise on this.
