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Monday, September 30, 2024

BABA weekly is now Uptrend.

Alibaba Group Holding Limited BATS:BABA

kgiap123

BABA (and other chinese stocks) continue with Bullish momentum

Successfully formed Higher High Higher Low and EMA20 crossing above EMA50 on weekly chart indicating long term Uptrend since April 2021.

Price structure formed Support and Resistant at every 20$ Range.
Breaks psychological 100 resistant with strong MCDX banker volume. Exposing next target at 120.

MCDX Retailer is insignificant.

Next Plan : Hold the position, look for further buy opportunity when pullback and retest at 100 zone.

source https://www.tradingview.com/chart/BABA/5c6WNVBh-BABA-weekly-is-now-Uptrend/