BABA.US
Timeframe: H4
Technical picture: The price has formed a "triangle" formation of a key resistance zone of 61.8% Fibo retracement of the downward trend started 18.06.2018. The action remains under observation for a corresponding "break out" and activation of the formation.
Indicators: Bulls are backed by 100-DMA and 200-DMA, with the upside barrier obstacle 50-DMA.
DeM (14): The indicator is in the "oversold" area that supports bullish scenarios.
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