BABA 🔥 LucanInvestor’s Commands: 🩸 Resistance: $88.00. A breakout targets $92 and $96. 🩸 Support: $84.00. A breakdown exposes $80 and $76.
🔥 LucanInvestor’s Strategy: 🩸 Long: Above $88.00, aiming for $92 and $96. 🩸 Short: Below $84.00, targeting $80 and $76.
🩸 Alibaba is showing signs of recovery but remains below the 200 EMA, indicating bearish pressure. MACD is slightly positive, suggesting cautious optimism. Traders should watch $88 for confirmation of a bullish breakout, while $84 is a key support level to avoid further downside.
👑 "Fortunes are made in the balance between resistance and support. Act wisely." — LucanInvestor