$Alibaba (BABA.US)$ Today, the stock price returned to the 1...
$Alibaba (BABA.US)$ Today, the stock price returned to the 100-day EMA of 74.02 and rebounded steadily! We will see if we can recover the 5-day EMA of 75.33, the 50-day EMA of 76.04, and the 200-day EMA of 75.92. There was a trend of convergence on the 5th, 50th, 100th, and 200th. Baba's stock price has reached a critical threshold, stabilizing the 100-day EMA and breaking through at an upward rate. If the 100-day EMA does not hold steady, the 70-day support may continue to fall.
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