Alibaba $BABA has now traded green in 10 of the last 11 days and is at its highest price since November 2021 📈 https://t.co/AXnnurqRD7
$BABA daily ⬆️ Solid r/s breakout follow-up remaining unfazed in overall red tape. https://t.co/NSsd0FTVz2 https://t.co/XOmkb1ZLpo
Alibaba's daily RSI just hit its most overbought level ever: 88.93-RSI $BABA https://t.co/eZdwsFRhuN
Alibaba Group Holding Ltd. ($BABA) has experienced a notable surge in its stock performance, with the daily Relative Strength Index (RSI) reaching an all-time high of 88.93. This marks a significant overbought level for the company, which has traded in the green on 10 of the last 11 days, achieving its highest price since November 2021. The volume of trading is reported to be among the highest ever by the close of the trading day. Analysts suggest that the stock may be due for a cool-off after this impressive run, as it has shown a strong upward trend, being green for 21 of the last 27 days.
