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Slingshot Bullish appears for BABA after 3.38% move
On Tuesday, August 11th, BABA moved down 3.38% while volume shrunk to 0.5× the usual levels. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 127.28, 126.7 & 125.75, with resistance at 128.81, 129.76 & 130.34. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of BABA: B
What else did BABA do today? Find out on SwingTradeBot.
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