The Long Investor
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$BABA TOP 20
🕑 Added 2025-02-07 11:16:37 +0000 UTC$BABA is running in the PM now after a rumour has circulated that they are looking to acquire a 10% Stake in DeepSeek...makes a lot of sense for $BABA to do this, as $MSFT did the same with OpenAi.
Price is up +5% now in the PM and just above the 200 WMA at $104.
Ideally we would like to see a pull back to the Fib levels as shown for a higher low before taking off, for those who have not added enough yet
Personally I have added A LOT in the Buy Zone for the last 18 months so I am very happy with my position....but a higher low at $89 would tempt me to add again.
If a pull back does not come to the Fib levels, then holding above the 200 WMA is also a buy signal.
Comments
Borja De OrduΓ±a Trujillano
Sorry for my ignorance Cap, but why is this a good news? I meant BABA claimed QWEN 2.5 is the best outstanding Open AI, Deepseek. Why would they want to buy 10%?
Scott Glover
im thinking this might be my buy signal been wanting to add BABA was going to add yesterday at 99
Gareth Neary
You are very welcome Joel
Joel
Love this, was gonna ask about other buying opportunities but holding above the 200 WMA answers my question. Day 3 here and enjoying!
