SamSuka
The Long Investor
The Long Investor

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$BABA

PM is right at the top of the ascending triangle right now, and staying above the large wedge line, this is a test to see if the wedge line is now a support line, this pull back makes a lot of sense here.....we always want to see a test of a new support line, so if it does find support, Wave 3 can be confirmed when it goes above the 200 Day MA above $88.90, which is above that important blue line for us.

I have a position here and I have added over the last few days. RSI and MACD are showing positive moves too and not in the oversold territory for $BABA on the daily. 

$BABA

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