The Long Investor
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$BABA TOP 20 & TOP 10
🕑 Added 2025-02-28 11:40:18 +0000 UTC$BABA and some ADRs are down in the PM now as Trump threatened to add more Tariffs to China, initially 10% but with the option for another 10%....a very vague statement to be fair.
The most important part for us is that there are no changes to our chart, the pull back white fibs have noT changed, we have been waiting for a retest of a support levelS awhile now and we are likely going to get that 3 wave pull back now.
The first test will likely come on the $121 blue line, which was the top of the consolidated range for the last 2-3 years, it is also the 0.38 Fib
Lower than that and the 200 WMA aligns perfectly with the 0.618 Fib at $104 now too.
I think many members will be very happy to have a chance to add $BABA on the pull back as a hedge against the US market and so will I.
Comments
DiegoTheSabre17
I want to see retest of the blue line, at least
Trevor Sweetnam
Question. Do you put BABA in the same bucket as a mega-cap, i.e. are you comfortable having a position much bigger than 10%? To me with buybacks supporting the price, dividends & the valuation it seems like a no brainer to go very heavy...
