BABA overall indicates a bearish momentum on the daily chart. Though it has formed a downward wedge, it still has time to continue to fall before change of momentum to bullish. Question is, how far will it go before a turnaround to the upside. On Trendsi Indicators; Overall momentum is showing bearish, with red EMA (middle band), money momentum (white line) trading under with a sell signal. 3 indicators showing a bearish momentum. But we all know how the market can change up Ina blink of an eye. Will definitely monitor and keep you guys update.
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