$BABA
Added 2023-05-22 16:55:29 +0000 UTCNice bounce today, having another attempt at this 200 Day MA from below, before the earnings we said that we need this to hold above the 200 Day MA on the daily chart, it did not hold this after earnings but it is testing it now.
The market is slowly digesting the earnings report and so far it has been reacting slowly and measured. Next big test will be trying to flip this from resistance to support, if it can successfully do this, it would put $BABA in a strong position to start moving higher again.
A rejection and this will not be good.
Comments
NIO update π
Hamzah Saleh
2023-05-22 18:53:05 +0000 UTCAfter the digest How many days it normaly takes to turn from resistance to support ?
Eduardo Raposo
2023-05-22 18:22:37 +0000 UTC
