#BABA #DJ30 #GRAB Weekly Stocks Technical Analysis + Fundamental Headline News
Price playing out nicely according to my analysis last week, retracing back to the bearish POI at 92.92, following the bearish order flow. I'm expecting price to continue lower from here, into the bullish POI at 78.85 next.
Headline news: Alibaba stock nudges north as AI executive departs company
Price consolidated since my last analysis. Price is still respecting the bearish POI at 33582.6 and price is unable to push higher despite grabbing external liquidity at 31708.6. I'm expecting price to continue lower from here, taking out the sell-side liquidity at 31416.6.
Price consolidated since my last analysis. Price is showing bearish momentum right now, unable to close above the recent opening prices. We could still see price rally to mitigate the bearish POI at 3.31. Overall expectation is for price to continue lower, following the bearish order flow into the bullish POI at 2.49.
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