The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-04-20 10:46:41 +0000 UTCWhat is going to happen the moment a deal is made or a postponement of tariffs are announced?
The price action jumps for Wave 3.
It is clear the market is waiting for positive news here and will react accordingly and the set up is there.
Which is why we added at $101.97.
Price held above the 200 Day MA and the 200 WMA too.
China is in a position where it can pump money into their economy to withstand any long lasting trade war, the US can not do this, this has always been important to us, it means they are in different economic cycles and China has already shown that they are using proactive steps to protect their economy.
$BABA and $BIDU are still my hedges against the US market, and $BABA's performance this year has shown why that was the correct call.
Comments
DiegoTheSabre17
Hey Cap - an alternate view - do you feel the bounce from wave 2 is a completion of wave C.. i.e. ABC correction upwards? Another view is when yellow line was hit, it was actually a wave 2. I can't post any snip images here. I will post it in Chinese group chat.
