BABA might hit 81 before turning around if the overall sentiment stays bearish.
Note
BABA hit almost exactly at 81 and then moved down. Appears to still be somewhat bearish and still testing the 81 resistance however if it stays above the top trend line that might become the new temporary support support until one of the other two horizontal lines are consistently broken.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.