Alibaba (BABA) Update 12/20/2022

Stock may have shown a loss of momentum after it started an upward trend in October this year.

ALMA11

ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of rejection happens.