Bullish Divergence on the daily on the MACD and RSI.
Coinciding with high volume on the daily with horizontal support being retested. Horizontal support also coincides with high volume when the stock is at said level previously.
Weekly Log Chart of BABA. Last time it broke trend was back in 2016, followed by a bullrun.
Recently closed slightly below support level @$211.50,
Might be a good time to accumulate shares for a long term perspective.
Next level of support is at $190
Risk here: Chinese Govt. Thread carefully.
This is the Log chart of where we are right now scrolled back over a 100 years.
We all know how important trendlines are, and the first time we touch a trendline, we will expect rejections from the trendline.
Currently the DJI sits about ~600 points away from the trendline from the time of writing. The trendline high sits at about ~33500 points (we are not far...
Clear Reversal in the Bond market, Buying Volume along with an Almost Full Hammer indicating a very likely possibility of a top in the stock market.
The Buying Volume this week was high and as strong as the Buying Volume Just BEFORE the March 2020 Crash.
After such a long run-up , it is about time we have that MAJOR Correction.
Short the Market, Long the Bond Market
