BABA, the Amazon or China, has been moving in a constant decline but now it has a newfound surge, BABA bounced from the line of resistance, and went a bit further, and then retest that line again. This could be an early sign of support and growth for this stock.
"Boeing to pay more than 2.5 Billion to settle criminal conspiracy charge over 737 Max" (CNBC Business) As for the technical analysis. We can see that BA has hit its strong resistance not too long ago. This stock should fall back to its support level around 170 or even lower.
Bank of America is slowly losing momentum. It broke out of its rising wedge and is consolidating near a strong resistance level. If it dips below the resistance line. We could see a drop back to the 29s. Overall this is still a strong stock with a good business outlook
We have seen it happen numerous times. Especially in AMD. The stock reaches a new level and then falls back down, consolidates, and then when it gets bored, it shoots up to a new high. What a scam. And those who cant see the bigger picture fall in the midst.
It might drop some more or It might shoot back up. Whatever the case may be, it's safe to say that BABA, as of right now, it a good no GREAT deal. Buy Shares, Buy Calls months out, just BUY BUY BUY hahahahahahahhah. Once in a lifetime deal !!