$Alibaba (BABA.US)$ After a 9% rise, there will be some profit taking, for sure. As long as it doesn't fall below the previous day low, short-term bullish trend, still in play.
If you entered new money long at the highs yesterday, got to be patient and trust it test the upper bound at 97, then 100.
If you entered new money long at the highs yesterday, got to be patient and trust it test the upper bound at 97, then 100.
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$Alibaba (BABA.US)$ If not for BABA -SW, and strong buybacks, this would already be in the low 70s...
$Advanced Micro Devices (AMD.US)$
Above is weekly candles. We can see smart money indeed came in at the golden zone. However, the conviction is not really there, unable to reclaim 141.7 convincingly. Semi is looking weak still, and money is FOMOing into crypto related. Semis are just not the flavour for now.
Above is weekly candles. We can see smart money indeed came in at the golden zone. However, the conviction is not really there, unable to reclaim 141.7 convincingly. Semi is looking weak still, and money is FOMOing into crypto related. Semis are just not the flavour for now.
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$Alibaba (BABA.US)$ Weekly already pulled back around 0.71 Fib retracement. Strong support.
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