BABA setup looks clean here. Huge Dark-pool volume buy this morning around $271 level. Must hold that level to keep thesis in-tact.
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Remains bullish with a close above $271 in my opinion.Not
Two potential pathways: Not
We bout to find out if this low volume break-down is a fake-out before a continuation of breakout and on to $276 this week, or if it revisits 268 first.. Hoping for continuation higher here in the final hour but be prepared for all possibilities.
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Not
I continue to lean on the bullish side here on BABA as long as three things occur:1) We remain above $271
2) My Ann alert continues to say Long/Buy.
3) Bullish thesis strengthens if price > $273.
BABA continues to be a catch-up play with huge Emerging Market exposure that hasn't already run-up since it's still recapturing it's levels from the unwarranted Ant Group sell-off. This remains an excellent long for 2021 in my humble opinion.
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Looks like a bull flag here into the close.. Be safe.
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.
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.