The Long Investor
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$BABA TOP 20 & TOP 10
🕑 Added 2025-02-23 14:09:21 +0000 UTCThe very bullish scenario here is a complete run to the 1.618 Fib this week at $163 and this would be one of the most aggressive Wave 3's of any Mega Cap I have seen since $META and $NVDA in 2023.
The consolidation was long so the breakout is aggressive, so we'll tolerate it
But I would have no issue seeing a pull back this week and I have added the Buy Zone now, sitting on the 200 WMA and the 0.618 Fib at $104, this is a level we must take advantage of if the price dropped to here
In September, nobody expected a strong pull back to the 0.618 Fib at $80 but it happened and we stuck to our plan and added in the Buy Zone, so let's keep to the strategy and do the same here if we get this opportunity to retest the 200 WMA.
Comments
Paolo Spyrou
got a question regarding where the Cap draws his fib level for Wave 2. as i can't get it correct on my chart
HS
Would buy back also be at end of wave 4 $130 range?
Federico Salerno
Crystal clear 🙏🏻
