The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-04-27 18:09:46 +0000 UTCThere is a lot to be happy about with this chart and set up.
Price has held the critical support levels on the 200 Day MA and the Weekly MA, the 0.78 Fib and the 50 WMA and the price raised its head above the blue line this week at $121 to confirm a higher high.
We want the price to hold above the $121 blue line or there is another risk of a second retest of the 200 WMA again but I believe if this happens again then many will take the opportunity to add again too, I will also consider this.
Wave 3 target remains at $162 and if the US and China reach a trade deal then this should allow the share price to move higher
No ER date has been set yet.
Remember, $BABA makes the vast amount of its Revenue from China and Asian customers.
