It is holding the important fib level now and finally the RSI got out of the oversold territory, after spending the most amount of days it has ever been under 30 since it went on the exchange. MACD has given its first glimpse of green since the end of Jan too....we know that a bounce is due, that is why we entered. Big tests above at the 200 Day and 50 Day MA, so hopefully it can build on this momentum now, $BABA should be a safer buy right now over many US stocks.
Steve Suric
2023-03-21 22:20:17 +0000 UTC