BABA on 4 hour chart, uptrend may continue
BABA on 4 hours chart has got into an uptrend and unless it closes lower than 176, may continue to show strength on this time frame.
It has taken down the previous highs and a nice retracement making a higher low and RSI bounce back into the mid zone will be very bullish, indicating that market getting over sold with low retracement on price and markets good then go higher
Look out for change of trend incase the previous lows are breached as that could be early indication
Look out for more on this as the pattern continues
If you like what you see, please share a thumbs up!
Cheers
It has taken down the previous highs and a nice retracement making a higher low and RSI bounce back into the mid zone will be very bullish, indicating that market getting over sold with low retracement on price and markets good then go higher
Look out for change of trend incase the previous lows are breached as that could be early indication
Look out for more on this as the pattern continues
If you like what you see, please share a thumbs up!
Cheers
