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outbreeak
Nov 30, 2023 3:08 PM

Alibaba (BABA) fireproof Long

Alibaba Group Holding LimitedNYSE

Description

Alibaba has been battered since the real estate market and China's economy in general took a hit. MFI (RSI+Volume) and MACD showing some divergence in the monthly chart, showed in the arrows. The price is below the key VPVR price and in a support zone (white area). If you like the business, this seems like a good time to buy.
Comments
jaredradosevichffl
there you go a chart that is actually correct....... this is the higher low and demand zone
outbreeak
@jaredradosevichffl Thanks mate! Maybe the market will panic and push down further, but I'm already buying and watching. Have a good weekend!
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