$BABA Levels
Breakout zones:
$122.65
$119.57
Bull PT:
$126.06
$131.28
$134.73
Bear PT:
$117.23
$113.69
$108.1
Speaking from the data, BABA is awful. Im sure there is an expectation of BABA pulling a DIS and ripping up, but from the data we have here, not going to happen as quick.
Right now, on the 1Hr, BABA is sitting on VWAP. There was a huge move made and now since it ran very far tapping an outer BB it cooled off.
RSI, could have the argument that its "curling" but with further inspection of this bear flag this needs another tap at the $108 area. We see buyers finally starting to step in around $110/$111 but ultimately we fill that wick at 12/03/21
$122.65
$119.57
Bull PT:
$126.06
$131.28
$134.73
Bear PT:
$117.23
$113.69
$108.1
Speaking from the data, BABA is awful. Im sure there is an expectation of BABA pulling a DIS and ripping up, but from the data we have here, not going to happen as quick.
Right now, on the 1Hr, BABA is sitting on VWAP. There was a huge move made and now since it ran very far tapping an outer BB it cooled off.
RSI, could have the argument that its "curling" but with further inspection of this bear flag this needs another tap at the $108 area. We see buyers finally starting to step in around $110/$111 but ultimately we fill that wick at 12/03/21
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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.