BABA has followed technical movements very well over time
On the way up:
- it made several nice cups with good follow through to the upside
On the way down:
- it followed my channel height estimate (I learned this mostly from crypto charts)
- nice channel down
Consolidation:
- excellent basing pattern
- popped above & retouching the top of the box
The world economic stage feels shaky right now. I’m watching any long plays very closely, keeping risk to a minimum. Putting the macro aside, this chart looks good & has a history of good technical behavior.
On the way up:
- it made several nice cups with good follow through to the upside
On the way down:
- it followed my channel height estimate (I learned this mostly from crypto charts)
- nice channel down
Consolidation:
- excellent basing pattern
- popped above & retouching the top of the box
The world economic stage feels shaky right now. I’m watching any long plays very closely, keeping risk to a minimum. Putting the macro aside, this chart looks good & has a history of good technical behavior.
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