BABA Interesting spot here

NYSE:BABA   Alibaba Group Holdings Ltd.
BABA daily and hourly charts

Got my eye on this 79.5-80 support zone. In March we had a decent bounce up to 105 area off of this level. Today we tapped that 80 zone again for a small bounce. I'd like a retest of this area to open up a swing position long with a tight stop under 79. Looking for a remount and close over the daily 9EMA at 83.61 to confirm some buyers back in the stock. Otherwise, this 79.5 could be a nice flat bottom break level to take it down further.


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.