SamSuka
The Long Investor
The Long Investor

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$BABA

Definitely sideways movement here with $BABA and holding above the previous low, we need more of this and a show of strength, I am in no rush here watching this. The RSI is showing a move off the low and the MACD is also showing that sellers have dried up too.....ideally we need to see an announcement from China that they will start stimulating the economy after a number of indicators have reported that the economy is slowing down, inflation is at 0.07%, if this was the US, they would be rolling out the printing machine already. 

$BABA

Comments

Yes perfectly aligned, once it holds the Wave 2 level

Gareth Neary

How is this chart align with the one mentioned on Twitter? https://twitter.com/TheLongInvest/status/1656686951997534209

House of Wick

is this a bullish trend and a buy currently?

ES B

It looks like its following the bear case.

Steven


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