$BABA Falling wedge breakout on daily
BABA falling wedge breakout confirmed with MACD signalling bullish trend.There's volume gap just above 90 to 94 where price can move very fast.
All sentiment indicator has been very bearish lately which makes me come to conclusion that this was the bottom.
Market was positioning for TRUMP to possibly put on 60% tarrifs on china which doesn't seem to be happening now as Trump has suggested negotiations with President XI
my PT is $99 for BABA in next 3 months
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