$JD - RC -
Added 2023-04-25 16:37:48 +0000 UTCJust at the blue line now which is the previous low, about to enter the bear case and the buy zone if this support is not held....I doubt it will be held. The buy zone is quite large here, going all the way down to $19, so no rush in here while the trend is quite strong.
Chinese stocks are under pressure now, there is a concern that Biden will move forward with plans to sanction Chinese companies and $BABA is feeling this pressure too....RSI on the 1hr now for $BABA is at around 10, which means it is extremely sold off. Wait for signs of support here and in $BABA.
