$Alibaba (BABA.US)$ interesting, baba broke down the wedge 2...
$Alibaba (BABA.US)$ interesting, baba broke down the wedge 2 days ago. Today supposed to retest wedge but it broke all the way to the top of wedge. 2 days ago false breakdown and now showing true movement which is upside? Also good news is if it closes this price, it will be above 20sma. Which means the explosive movement I mentioned coming this week might be towards top side.
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Mooli Mooli : Whats the profit taking for this explosive movement? 130?
beedeebee : nice! hope it close above 20ma and we can start moving to the next resistance.
SooEng : Been following - So exciting!
SooEng : Has it finally finally bottomed?
Investing 101 OP Mooli Mooli : Above 140
Investing 101 OP SooEng : Too soon to say. But if move after squeeze is towards upside, and you are optimistic. May cover the gap at the top at around 150s
SooEng Investing 101 OP : Definitely feeling more optimistic as it looks like delisting is unlikely
Investing 101 OP SooEng : Delisting was long out of the picture. It was just FUD those who weren't updated of the news kept using. It actually shows who knows what they are talking and who doesn't. So it helps you filter.
SooEng Investing 101 OP : Lots of noise on the chats for Sure