Alibaba seems to be mimicking itself in the runup to Trump 2016This is just something I noticed the other day when NYSE:BABA took off ... how crisply its price action has lined up with the last election, and how the uptrend seemed to start just a tad early, almost like the market knew in advance Trump would win that election.
This time, we've similarly put in a longer base, with a higher low, and also broken above 2 visible pivot highs once again. Why would this be a thing? IDK. And maybe it's not. It could lead to a head fake or something.
I don't have a position on it yet, but I will be watching this retrace and looking for an entry I recognize, and meanwhile I thought it was interesting enough to share.
-Josiah
Easycators.com/RelVol
X thread on NYSE:BABA analog: x.com