MaDLabbit
09-14 05:41
$BABA-W(09988)$  $Alibaba(BABA)$  $BABA-W(09988)$  BABA continue to hang on to the resistance turned support level. It shows that it is a strong support level so far for not breaking down. This week is super critical, if it continue to have no bounce then most likely it will break down. I expect no rate hikes from the FOMC that will have all stocks rally. 
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Comments

  • KittyBruno
    09-14 09:32
    KittyBruno
    Buyback matters more here than the chart for me. If that support cracks without a bounce, sentiment probably gets ugly fast lol
  • jinglese
    09-14 09:32
    jinglese
    No hike alone won't save BABA. If price can't bounce off support this week, that breakdown risk is still right there
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