BABA Apparently the SMA 20 (mid bollinger) acts as support on the monthly chart. This horrendous stock is now gonna move sideways for weeks and weeks before moving up again 😅 Eveything is so slow.......
BABA too early to call, but shares could be building out a triangle consolidation, which would suggest a painful move back around $100, and a long wait into the third quarter before a material move higher is realistic.