$BABA
Added 2023-04-24 16:12:24 +0000 UTCFew concerns here with $BABA so I'll upload the chart again with some commentary, we are watching for the gap fill now and then 0.78 Fib at $84.85 here, below this level and we have the very last Fib level at 0.88 at $82.26. When a pull back gets as low as the 0.88 Fib, it means it is struggling. I have drawn a red line where the previous low was, so if the price goes below here, the green impulse wave count is invalid, so we really want it to stay above this red line. The RSI on the 1hr chart is at 12, yes, very low, so a bounce is due and the MACD is in way oversold territory.
So all eyes are on the gap fill and the $84.85 now.
Comments
Update?
Steele Broderick
2023-04-25 14:59:52 +0000 UTCIs your stop loss still set at $78 ?
Joey
2023-04-25 13:36:20 +0000 UTCHi gar, is a bullish wedge forming?
Ju
2023-04-25 00:08:14 +0000 UTC
