The analyst is bullish on BABA, noting a bounce out of the buy zone under the 200-week moving average.
BABA is bouncing right out of the buy zone under the 200 WMA, indicating a potential buying opportunity.
$BABA +10% Bouncing right out of the BUY ZONE under the 200 WMA
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +2.0% | +1.1% |
| 1 week | +8.0% | +6.7% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |