BABA has followed technical movements very well over time
On the way up:
- it made several nice cups with good follow through to the upside
On the way down:
- it followed my channel height estimate (I learned this mostly from crypto charts)
- nice channel down
Consolidation:
- excellent basing pattern
- popped above & retouching the top of the box
The world economic stage feels shaky right now. I’m watching any long plays very closely, keeping risk to a minimum. Putting the macro aside, this chart looks good & has a history of good technical behavior.
On the way up:
- it made several nice cups with good follow through to the upside
On the way down:
- it followed my channel height estimate (I learned this mostly from crypto charts)
- nice channel down
Consolidation:
- excellent basing pattern
- popped above & retouching the top of the box
The world economic stage feels shaky right now. I’m watching any long plays very closely, keeping risk to a minimum. Putting the macro aside, this chart looks good & has a history of good technical behavior.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.