After a great move to the upside a month ago baba has non stop been selling off. Starting to slip off peoples radars or at least mine. We’ll now that I’m finally coming back to it I’m reaizinf how bullish this chart is ! I think if we can start piping above 105 we can see this bull trend start the next leg to the upside ! This will be a monster idea to start to pay close attention to!!!
Looks like we curently just rejexted off that upper trending line so next support down can still make a new low. Mabey that 100$ psychological support will be the area to buy. Next fib down is also 97 but I think that would be a bit low for this specific trend line drawing. Howver if we do get there I would reevaluate this idea and pattern drawing.
For now watch 100$ support and 105 reistance !
Looks like we curently just rejexted off that upper trending line so next support down can still make a new low. Mabey that 100$ psychological support will be the area to buy. Next fib down is also 97 but I think that would be a bit low for this specific trend line drawing. Howver if we do get there I would reevaluate this idea and pattern drawing.
For now watch 100$ support and 105 reistance !