$BABA
Added 2023-03-20 15:44:43 +0000 UTCSo far the bulls are holding the 0.65 Fib line at $80, moving to recapture $82 would be a positive move. We need the political noise to leave soon so this can move. The more I assess the global markets, the more I am drawn back to the Chinese market as a secure source of value, especially when they will protect the Chinese banks and currencies at all costs. They also have a low inflation rate of 1%, so I expect to see some QE soon, which the US would love to be in this space, without the risk of aggravating inflation further higher.
RSI and MACD are still looking stable but there is still work to do to reverse this trend.
