Alibaba has been trying to carve out a bottom since March 2022 with its 3rd successive higher low preceded by 2 successive higher highs. Bulls will want to ensure the $87-$88 horizontal support zone is held so as not to make a lower low than the August Base. The bears will be licking their lips for a gap close of $84 but the bulls on the other hand will want to protect this support at all costs for another run to $100 / $110.
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.