Alibaba is likely to strengthen in the medium to long term, and pressure will continue in the short term!
$Alibaba(BABA.US$ Baba currently has a 50-day moving average of 76.4 and a 200-day moving average of 75.45. The 50-day moving average crossed the 200-day moving average on June 18, forming a golden cross. There is a strong trend in the medium to long term. Currently, the 5-day moving average is below the 10th, 20th, and 200-day, hovering below the 100-day moving average. It passed on the 10th on Monday and 5th of this week, tested the 200-day resistance, and failed to break through. Pressure continues to be felt in the short term, and the trend is still weak.
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102864101 : Everyday so bullish? Inverse indicator?
Ultra boy : May I ask if you're looking at the picture the other way around?
William888 OP Ultra boy : No, there is indeed a golden cross.
二鱼五饼 : hopeless stock. anything China is so bleak
Ultra boy William888 OP :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
104238715 William888 OP : It has been on a downward trend for 200 days and must be reversed