The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-04-22 10:57:36 +0000 UTC$BABA is up +3.5% in the PM now after a report came out this morning that 2 million new companies were registered between Jan - March this in China. It is also clear that China have been preparing for this Tariff War and have not taken it lightly and are showing their strength.
My personal view is that China is looking very strong here and has a chance to show the world that they are on par with the US now, an economic war is much more beneficial to China than a military war.
$BABA has now bounced on the large 0.618 Fib at $106 and at $113 in the PM.
We want to see a move back to the $121 level next and flip this level to support.
There is a move here that $BABA can go to the 1.618 Fib at $206 but I am still working off the conservative count that we have had in place since 2024, where Wave 3 goes to $162.
Comments
Chris H
Lessons learned from HIMS - don’t trim too aggressively until rejection is confirmed. I’ll be waiting $162!
shortestsnout
For someone who’s late would 121 be a good spot to start a position?
