BABA sitting on global support with bearish sentiment
Baba is currently sitting on global 0.618 fibonacci golden pocket and anchored VWAP from the start of its trading. This combined with overall bearish sentiment for the chinese stock, gives me reason to believe we will form a bottom here.
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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.