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BABA forms Gilligan's Island Buy Setup on June 18
On Thursday, June 18th, BABA moved down 0.32% while volume was to 1.3× the usual levels. consolidation patterns formed: Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 105.95, 104.8 & 104.09, with resistance at 107.81, 108.52 & 109.67. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of BABA: F
Today’s move could mean more—check all the signals for BABA on SwingTradeBot.
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