The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-05-11 18:18:57 +0000 UTC$BABA had another good week and continues to move in our projection and in a bullish trend
Comfortably above the blue support line at $121 and above all important moving averages right now too apart from the 50 Day MA which it tested into the close on Friday.
A positive announcement on trade talks will likely have a positive effect here as the price is in Wave 3 and routing to the 1.618 Fib at $162.
A retest and holding above the $121 level would mean another buy signal before the price moves higher to $162.
