BABA - short term bearish trend
Candle falling below MA 20.
Imminent crossing down towards MA 50 .
MACD shows negative divergence.
RSI and Stochastic in negative territory not yet bottom out.
smart money fading.
Support around 245-248 by confluence of long term (MA200 ) uptrend line and horizontal support around near 245.
If support broken, may test next support at 230.
Imminent crossing down towards MA 50 .
MACD shows negative divergence.
RSI and Stochastic in negative territory not yet bottom out.
smart money fading.
Support around 245-248 by confluence of long term (MA200 ) uptrend line and horizontal support around near 245.
If support broken, may test next support at 230.
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