BABA stock hits Voz's resistance level

Plus, 8Ball's birthday tips -   [Replays]( School]( [YouTube]( [Twitter]( [Custom]( Monday, Dec. 5, 2022 BABA stock hits Voz's resistance level Hey traders, China stocks were in focus to start the trading week, as the country begins to roll back more COVID restrictions. We saw big moves across the board, from names like Alibaba (BABA) and JD.com (JD), to Bilibili (BILI). As Rob Booker put it during [his free show]( today, "If this stock is gaining, then truly EVERYTHING China-related is." However, the rally in BABA was stopped short at a key technical level. In fact, volume trading specialist Olivia Voz noted during her 11 AM session that BABA was facing off with the Point of Control on its [Volume Profile indicator]( -- meaning the most popular price among buyers and sellers -- a level that happened to coincide with its 200-day moving average. Well, just look how this trendline marked BABA's intraday high... BABA hitting its 200-day moving average [Tuesday's Schedule] Tuesday's Schedule   8:30-9:45 Money Morning LIVE 9:45-10:30 Long & Short of It 10:30-11:00 Profit Takeover 11:00-11:30 Solid Jello 11:30-12:00 AICI Live w/ Nick Black 12:00-12:30 Power Profit Trades 12:30-1:00 Midday Momentum 1:00-1:30 J.C. Parets   [Today;s Schedule] Follow us on YouTube [[ratio]  ]( [Bear market over???]( Despite this level of short-term resistance, our Chief Investment Strategist Shah Gilani suggested that he still thinks we could see more strong moves from China stocks going forward, as the country provides more liquidity to its markets, particularly the tech sector. And even Voz noted that if BABA does make it over its 200-day moving average and the point of control, then it would open up a TON of upside for the shares. Suffice it to say, China stocks will likely remain on the show's radar going forward. 8Baller's Key Events We always want you guys to be prepared for the trading week, so it's nice when someone else does the work so I don't have to. I'm just being honest. Today in the chat 8Baller dropped in the key events he's watching this week... And to think he was doing this for us on his birthday. What a guy. Okay, traders, I'm out of here. We'll be live again tomorrow at 8:30 AM ET for another episode of Money Morning LIVE, so make sure you're in the free room and ready to trade. See you all in the chat. Garrett {NAME} Executive Producer, Money Morning LIVE   Mark Sebastian was a legendary market maker inside the trading pit of the CBOE. Then his firm handed him the pink slip and gave his job to a robot. Instead of crying in his pillow, he went dumpster diving on Wall Street for… “Trades So Ugly, Only Their Mommas Could Love ‘Em” (But They Made Mark a Multi-Millionaire) [On Thursday, December 8th, he’s pulling back the curtain.]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning LIVE. To remove your email from this list, [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning Live | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](