Came in the following scanner:
1. Mark Minervini Template.
2. 20 day Kelter channel squeeze.
3. Within 10% of 52 week high zone.
This criteria was met when the scanner was run on 16th September, 2022.
Additional characteristics that were looked at:
1. Volume dry up on pull back.
2. Relative strength in 200 day period as per Mansfield's RS indicator.
How it has been identified:
Came in the following scanner:
1. Mark Minervini Template.
2. 20 day Kelter channel squeeze.
3. Within 10% of 52 week high zone.
This criteria was met when the scanner was run on 16th September, 2022.
Additional characteristics that were looked at:
1. Volume dry-up on pullback.
2. Fertiliser stocks are in an uptrend.
$BABA's technical strength is improving in the weekly chart. Some of the key things to look at:
Improving relative strength to SPX. It started falling in-line with SPX several weeks back (horizonal RS line) and has been outperforming SPX in the 70 trading sessions (upward slope RS line).
Breaking out of a descending parallel channel.
Breaking its weekly...
![BABA: $BABA - [High Risk] Long Entry Setup [Weekly]](https://s3.tradingview.com/v/vcJIxao9_mid.png "$BABA - [High Risk] Long Entry Setup [Weekly]")
