BABA BROKE A DOWNWARD TREND LINE AND HAS SOME UPSIDE ROOM TO RUN

86
The analysis shows a downward trend line that got broken along with a volume profile.

There is a huge horizontal volume support line at 84$/per share.

The lower support is 70$/per share.

The Resistant volume is 122$/per share.


The Price is still below the 200DayEMA and just above the 100DayEMA so this might go into a squeeze, meaning volatile price movements and possibly hold the100DayEMA.
My prediction is that it's going to at least move back up to a Price range around the 122$/per share mark.


It's worth keeping an eye on $$$$




Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.