$BABA
Added 2023-05-16 09:46:36 +0000 UTC$JD and $BIDU have both reported this week already and both have reported really good earnings, $BABA is next on Thursday with their report being released before the US market is open.
So far $BABA has moved very well and structured since bouncing on the 0.887 Fib level, the political tensions appear to be decreasing between the US and China, at least for now and Soft Bank appear to have stopped its relentless selling.....Michael Burry also released his updated holdings yesterday and he reported that he has doubled his stake in $BABA.....he must be a member of this group ;)
I am happy with what I am seeing so far, the 200 Day MA is just above now and we are just at a blue line I created which is an important support/resistance line, I have had this line here since last year, each time it has moved to the upside of this line, it has moved very aggressively, we can see this on March 28th '23 and 3rd Jan '23. So it is very coincidental that my blue line will meet the 200 Day MA exactly at the same place.....so a break out here and this could move very well.
