$Alibaba(09988)$$Alibaba(BABA)$A simple analogy on Baba 1 year daily chart
okok, at least from Jun 2021 (not marked)
Baba has been challenging the 50EMA as arrow pointed but fails and dump lower time after time
until 16 Mar 2022 onwards, average 80s to 150s of million shares transacted (or make it simple average 100 million) to simply put at an average price of $100
That's 10,000 million (10 billion ??) turnover! Who the hell able to chunk such HUGH transactions consistantly for many days and not just one single day ??
But well, it fails to hold and fell again (this time without breaking prior low)
on 8 Jun 2022, once again the super heavy volume returns (90 million!) + gap up + 14% UP on closing and way pass above 50EMA
My guess, on daily chart, Baba have found the bottom, 120 mark the crucial turnaround level
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