The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-03-23 18:57:10 +0000 UTCQuite a bearish end to the week for $BABA as it rejected trying to stay above the ascending triangle top line at $145 and for me has put the triangle under too much pressure so we could see some consolidation in the channel as shown now.
The downside risk is again a retest of the blue support line at $121 or to the 0.618 Fib level at $106 which would again be a great buying opportunity.
So if the US market gets a relief bounce, we could see Chinese positions cooling down and presenting another opportunity shortly
I don't play the subwaves in a primary wave, so I will not be selling to add lower, I will only add lower when support is found, this moves to fast to accurately make money from playing the subwaves for me.
Comments
MuaSer
we knew that a pull back to around 120 is likely, so no pronblem so far. if the right time is here to trim the first 20% i would like to add to my positions which are under water
Federico Salerno
My top position as well!
Rafa G
My top position. I can't wait to see what's next.
