$BABA
Added 2023-06-08 18:30:02 +0000 UTCAll eyes are still on the wedge trend line, where we have the:
50 Day MA,
200 Day MA,
our blue support/resistance line, and
the wedge trend line.
Needless to say, this is a very important area to break above and hold, it has not got above this trend line since the start of 2023. $88.90 is the important level to break and stay above.
In recent days, China has been more vocal, directing companies to help industries, a stimulus package has still not been announced yet, this would be very beneficial if they do.
