The Long Investor
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$BABA TOP 20
🕑 Added 2025-04-03 09:59:19 +0000 UTCWith potential tariffs of +54% on China, $BABA is only down -2.8% and the market realises that $BABA is very dominant in Asia and has little reliance on the US, so it is not heavily affected by these absurd tariffs.
HSI is only down -1.5% and $BIDU is down -2.3%.....all of these figures I would take as knee jerk reaction to the announcement and would not be surprised to see Chinese ADRs green today.
$BABA is at its channel bottom line now at $126.
$121 is still possible, as it has been for the last 2 months and so far this is still just looking like a relief pull back after an +80% climb since Jan.
Once support is found, I would also consider adding here.
