The Long Investor
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$BABA TOP 10 & TOP 20
🕑 Added 2025-02-20 12:55:10 +0000 UTC$BABA is running after smashing its earnings and up +10% in the PM now,
meaning one of our Top 10 charts for 2025 is up +75% YTD....something we should all be very happy with, especially those who accumulated in the Buy Zone for the length of time that we did....this is the very least we deserve.
This Wave 3 has been strong and powerful and we are already closing in on the Wave 3 target at the 1.618 Fib at $163.
A retest of the 200 WMA is looking unlikely now but if we do get a chance to add at this level then we take this opportunity....otherwise, a retest of the 2 year top line at $121 could be more realistic.
For me, if the 200 WMA is gone then I am just holding to the 1.618 Fib at $163, trimming 20% profits when the price rejects around here for Wave 3 and then adding again at the Wave 4 pull back, the strategy remains the same.
Comments
Seamas
Yes sorry I meant wave 3
Gyokeres
wave 2 is finished already, you mean wave 3?
Seamas
Perhaps I'm getting carried away but I can easily see this wave 2 going beyond the 1.618 fib
Issac
Great work, as always. Thank you.
Magopool
print and hang it on the wall
Crim Jamer
I bought at $95 and remember being so upset when this went down to $81. 2 lessons learned: 1) Trust Cap 2) BTFD
Pierre penasa
Thanks cap! Amazing work
Samu
Thank you!!
Kad
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